ChiniMandi, Mumbai: 29th May 2026
Domestic Market
Sugar Prices Extend Gains Amid Tight Supply Concerns
Domestic sugar prices continued to rise across major markets today, supported by persistent concerns over tightening domestic supplies.
Prices were reported higher by around ₹10-₹20 per quintal. Despite the government's export restrictions aimed at ensuring adequate local availability, overall market sentiment remained firm amid expectations of lower production and steady demand from bulk consumers.
In North India, M-grade sugar prices in Muzaffarnagar were quoted at ₹4,100-₹4,220 per quintal, with select mills reporting marginal gains during the session. In Maharashtra, S-grade sugar prices in Kolhapur were reported at ₹3,850-₹3,880 per quintal, higher by around ₹10 per quintal from previous levels and reflecting firm market sentiment.
Ex-mill Sugar Prices as on May, 29 2026 :
State | S/30 [Rates per Quintal] | M/30 [Rates per Quintal] |
Maharashtra | ₹3750 to 3770 | ₹3850 to 3870 |
South Karnataka | ₹4125 to 4150 | ₹4175 to 4200 |
Uttar Pradesh | - | ₹4100 to 4220 |
Gujarat | ₹3931 to 3971 | ₹4021 to 4071 |
Tamil Nadu | ₹4090 to 4225 | ₹4250 to 4275 |
Madhya Pradesh | ₹4080 to 4105 | ₹4150 to 4205 |
Punjab | - | ₹4205 to 4351 |
(All the above rates are excluding GST) |
Destination-wise Spot Prices as on May, 29 2026 :
City | Grade | Rate |
Delhi | M/30 | ₹4,389.00 |
Kanpur | M/30 | ₹4,410.00 |
Kolhapur | M/30 | ₹4,105.50 |
Kolkata | M/30 | ₹4410.00 |
Muzaffarnagar | M/30 | ₹4,389.00 |
Ahmedabad | M/30 | ₹4,357.50 |
Bangaluru | M/30 | ₹4,347.00 |
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 $438.80 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.27 c/lb. The corn futures market trades at 453-2 and the ethanol Chicago trades at 2.01500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 94.890 whereas USD was trading with BRL at 5.0390 Crude WTI traded at $87.76 a barrel. Sensex closed 1,092.06 points down at 74,775.74 whereas Nifty closed 359.40 points lower at 23,547.75
News Round-Up
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