ChiniMandi, Mumbai: 8th Jan 2026
Domestic Market
Domestic sugar prices were steady to weak
Domestic sugar prices continued to steady to weak in today’s session. With prices having fallen yesterday, prices saw stability in Uttar Pradesh while Maharashtra witnessed a price decline of ₹5–10 per quintal.
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 ₹3,870–₹3,950 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,550–₹3,600 per quintal, extending the gradual decline seen over the past few sessions.
Ex-mill Sugar Prices as on Jan, 8 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3660 |
₹3700 to 3710 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3870 to 3950 |
|
Gujarat |
₹3671 to 3701 |
₹3741 to 3771 |
|
Tamil Nadu |
₹3850 to 4050 |
₹3910 to 4100 |
|
Madhya Pradesh |
₹3735 to 3795 |
₹3805 to 3875 |
|
Punjab |
– |
₹4030 to 4101 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 8 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,864.00 |
|
Kolkata |
M/30 |
₹4,252.50 |
|
Muzaffarnagar |
M/30 |
₹4,095.00 |
|
Ahmedabad |
M/30 |
₹4,032.00 |
|
Bangaluru |
M/30 |
₹4,095.00 |
|
Chennai |
M/30 |
₹4,221.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $429.40 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.03 c/lb. The corn futures market trades at 446-4 and the ethanol Chicago trades at 1.58000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.864 whereas USD was trading with BRL at 5.3852 Crude WTI traded at $56.79 a barrel. Sensex closed 780.18 points down at 84180.96 whereas Nifty closed 263.90 points lower at 25876.85
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