ChiniMandi, Mumbai: 7th Jan 2026
Domestic Market
Domestic sugar prices were steady to weak
After a prolonged period of decline, domestic sugar prices were reported to be steady to weak in todayтАЩs session. With prices having fallen sharply since the commencement of the crushing season, they are now expected to stabilise around current levels in Maharashtra. In contrast, Uttar Pradesh witnessed a further price decline of тВ╣10тАУ15 per quintal, largely due to a wider-than-normal spread, which continues to weigh on market sentiment.
Overall, the sugar market remains under sustained pressure, extending the downward trend observed since the start of the crushing season. This weakness is primarily driven by comfortable supply availability as crushing operations progress smoothly across major producing states, coupled with subdued demand conditions, which continue to limit buying interest.
Spot prices in key physical markets reflected this subdued sentiment. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of тВ╣3,870тАУтВ╣3,950 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at тВ╣3,555тАУтВ╣3,610 per quintal, extending the gradual decline seen over the past few sessions.
Ex-mill Sugar Prices as on Jan, 7 2026 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3660 to 3670 |
тВ╣3710 to 3720 |
|
South Karnataka |
тВ╣3800 |
тВ╣3850 |
|
Uttar Pradesh |
┬а – |
тВ╣3870 to 3950 |
|
Gujarat |
тВ╣3671 to 3701 |
тВ╣3741 to 3771 |
|
Tamil Nadu |
тВ╣3850 to 4050 |
тВ╣3910 to 4100 |
|
Madhya Pradesh |
тВ╣3735 to 3795 |
тВ╣3805 to 3875 |
|
Punjab |
– |
тВ╣4030 to 4101 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 7 2026 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,252.50 |
|
Kanpur |
M/30 |
тВ╣4,326.00 |
|
Kolhapur |
M/30 |
тВ╣3,874.50 |
|
Kolkata |
M/30 |
тВ╣4,252.50 |
|
Muzaffarnagar |
M/30 |
тВ╣4,095.00 |
|
Ahmedabad |
M/30 |
тВ╣4,032.00 |
|
Bangaluru |
M/30 |
тВ╣4,116.00 |
|
Chennai |
M/30 |
тВ╣4,221.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $426.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.92 c/lb. The corn futures market trades at 445-6 and the ethanol Chicago trades at 1.59250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.839 whereas USD was trading with BRL at 5.3816 Crude WTI traded at $56.80 a barrel. Sensex closed 102.20 points down at 84,961.14 whereas Nifty closed 37.95 points lower at 26,140.75.
News Round-Up
New variety of sugarcane from UP approved for cultivation in four more states
New variety of sugarcane from UP approved for cultivation in four more states
Ethanol movement: A strategic pillar of Atmanirbhar Bharat and Viksit Bharat
Ethanol movement: A strategic pillar of Atmanirbhar Bharat and Viksit Bharat
Raju Shetti urges farmers to support newly revived KGS sugar factory in Niphad
Raju Shetti urges farmers to support newly revived KGS sugar factory in Niphad
