ChiniMandi, Mumbai: 10th Sept 2026
Domestic Market
Domestic Sugar Prices Slump Amid Ample Supply
Domestic sugar prices witnessed a sharp decline, with prices in both Maharashtra and Uttar Pradesh falling by around ₹300-350 per quintal.
The weakness was primarily attributed to ample supply and subdued buying interest, while prices in Uttar Pradesh remained under pressure amid government measures aimed at keeping retail sugar prices under control.
In Maharashtra, sugar prices declined by around ₹300 per quintal, while Uttar Pradesh prices eased by approximately ₹350 per quintal. The broad-based decline across both major producing states indicates continued pressure on the market, with ample availability limiting the scope for a near-term recovery.
Kolhapur S-grade sugar is currently quoted at around ₹4,500-4,600 per quintal, compared with ₹4,600-4,700 per quintal for M-grade sugar in Muzaffarnagar. The price spread between the two markets has narrowed significantly, with both markets now trading at relatively similar levels.
Ex-mill Sugar Prices as on Sept, 10 2026 :
State | S/30 [Rates per Quintal] | M/30 [Rates per Quintal] |
Maharashtra | ₹4500 | ₹4600 |
South Karnataka | ₹5025 to 5050 | ₹5075 |
Uttar Pradesh | - | ₹4600 to 4700 |
Gujarat | ₹4900 | ₹5000 |
Tamil Nadu | ₹4950 to 5300 | ₹5110 to 5300 |
Madhya Pradesh | ₹4900 | ₹4970 to 5000 |
Punjab | - | ₹5350 to 5351 |
(All the above rates are excluding GST) |
Destination-wise Spot Prices as on Sept, 10 2026 :
City | Grade | Rate |
Delhi | M/30 | ₹5,145.00 |
Kanpur | M/30 | ₹5,302.50 |
Kolhapur | M/30 | ₹4,935.00 |
Kolkata | M/30 | ₹5,250.00 |
Muzaffarnagar | M/30 | ₹5,040.00 |
Ahmedabad | M/30 | ₹5,355.00 |
Bangaluru | M/30 | ₹5,040.00 |
Chennai | M/30 | ₹5,407.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $539.40 ton, whereas the New York Sugar # 11 The front month contract is trading at 18.62 c/lb. The corn futures market trades at 510-4 and the ethanol Chicago trades at 2.03750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 95.458 whereas USD was trading with BRL at 5.1091 Crude WTI traded at $97.45 barrel. Sensex closed 138.36 points up at 74,902.59 whereas Nifty closed 46.30 points higher at 23,477.80
News Round-Up
Centre tightens sugar stock retention, dealer registration rules for mills
Centre tightens sugar stock retention, dealer registration rules for mills
Sugar industry can drive wider bioeconomy growth through diversification: Ashwini Srivastava
Sugar industry can drive wider bioeconomy growth through diversification: Ashwini Srivastava
Ethanol output surpasses E20 blending needs, government explores new uses: Tarun Kapoor
Ethanol output surpasses E20 blending needs, government explores new uses: Tarun Kapoor