ChiniMandi, Mumbai: 02nd May 2026

Domestic Market

Sugar Prices Hold Steady Amid Tight Supply Outlook

Domestic sugar prices witnessed a steady trend for the second consecutive session, supported by continued buying interest even at elevated price levels.

Market sentiment remained firm amid concerns over tightening domestic supplies and lower carryover stocks, reducing the likelihood of any sharp correction during the remainder of the season.

In North India, M-grade sugar prices in Muzaffarnagar were quoted at ₹4,080-₹4,200 per quintal, largely unchanged from the previous session. Similarly, in Maharashtra, S-grade sugar prices in Kolhapur were reported at ₹3,840-₹3,870 per quintal, reflecting a stable market trend.

Overall, the domestic sugar market is expected to remain firm in the near term. Tight supply conditions, lower carryover stock expectations, and sustained demand are likely to keep prices supported.

Ex-mill Sugar Prices as on June, 02 2026 :

Destination-wise Spot Prices as on June, 02 2026 :

International Market

At the time of writing this update London White Sugar #The 5 front month contract is trading at $444.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.43 c/lb. The corn futures market trades at 443-0 and the ethanol Chicago trades at 1.98750s.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 95.250 whereas USD was trading with BRL at 5.0022 Crude WTI traded at $91.21 a barrel. Sensex closed 382.50 points up at 74,649.84 whereas Nifty closed 100.95 points higher at 23,483.55