ChiniMandi, Mumbai: 03rd June 2026
Domestic Market
Sugar Prices Ease Slightly on Dull Buying; Tight Supply Limits Downside
Domestic sugar prices witnessed a slightly weak trend today as buying interest remained subdued at elevated price levels.
Prices were reported lower by around ₹10-₹20 per quintal across major markets. Despite the mild correction, overall market sentiment continued to remain firm amid concerns over tightening domestic supplies and lower carryover stocks, reducing the likelihood of any significant downside 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. In Maharashtra, S-grade sugar prices in Kolhapur were reported at ₹3,830-₹3,850 per quintal, reflecting a marginal decline amid subdued buying activity.
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, while any major correction appears unlikely under the current market fundamentals.
Ex-mill Sugar Prices as on June, 03 2026 :
State | S/30 [Rates per Quintal] | M/30 [Rates per Quintal] |
Maharashtra | ₹3740 to 3760 | ₹3840 to 3860 |
South Karnataka | ₹4125 to 4150 | ₹4175 to 4200 |
Uttar Pradesh | - | ₹4080 to 4200 |
Gujarat | ₹3921 to 3961 | ₹4011 to 4061 |
Tamil Nadu | ₹4090 to 4225 | ₹4250 |
Madhya Pradesh | ₹4080 to 4105 | ₹4150 to 4205 |
Punjab | - | ₹4210 to 4351 |
(All the above rates are excluding GST) |
Destination-wise Spot Prices as on June, 03 2026 :
City | Grade | Rate |
Delhi | M/30 | ₹4,389.00 |
Kanpur | M/30 | ₹4,410.00 |
Kolhapur | M/30 | ₹4,089.75 |
Kolkata | M/30 | ₹4,399.50 |
Muzaffarnagar | M/30 | ₹4,368.00 |
Ahmedabad | M/30 | ₹4,357.50 |
Bangaluru | M/30 | ₹4,336.50 |
Chennai | M/30 | ₹4,578.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $450.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.48 c/lb. The corn futures market trades at 440-4 and the ethanol Chicago trades at 1.95750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 95.588 whereas USD was trading with BRL at 5.0055 Crude WTI traded at $95.75 a barrel. Sensex closed 303.670 points down at 74,346.17 whereas Nifty closed 77.95 points higher at 23,405.60
News Round-Up
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