ChiniMandi, Mumbai: 9th Jan 2026
Domestic Market
Domestic sugar prices continued to trade steady to weak
Domestic sugar prices remained steady to weak in today’s trading session. After witnessing a decline in the previous session, prices stabilised in Uttar Pradesh, while Maharashtra markets recorded a further drop of ₹5–10 per quintal, reflecting continued pressure.
Overall, the sugar market continues to face sustained downward momentum since the onset of the crushing season. The weakness is largely attributed to comfortable supply availability, as crushing operations are progressing smoothly across major producing states. At the same time, subdued demand conditions are limiting buying interest, preventing any meaningful price recovery.
Spot prices in key physical markets mirrored this cautious 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 ₹3,540–₹3,600 per quintal, extending the gradual decline observed over the past few sessions.
Ex-mill Sugar Prices as on Jan, 9 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 |
₹3810 to 4050 |
₹3910 to 4100 |
|
Madhya Pradesh |
₹3730 to 3795 |
₹3800 to 3875 |
|
Punjab |
– |
₹4020 to 4091 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 9 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,853.50 |
|
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 $424.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.85 c/lb. The corn futures market trades at 446-0 and the ethanol Chicago trades at 1.58000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.131 whereas USD was trading with BRL at 5.3886 Crude WTI traded at $58.16 a barrel. Sensex closed 604.72 points down at 83,576.24 whereas Nifty closed 193.55 points lower at 25,683.30.
News Round-Up
FAO Food Price Index dips in December
India, Fiji seek to deepen industry and govt cooperation, explore partnerships in sugar, agriculture and bioenergy
Indonesia to make ethanol-blended fuel mandatory by 2028: Minister
Indonesia to make ethanol-blended fuel mandatory by 2028: Minister
