ChiniMandi, Mumbai: 29th Sept 2026
Domestic Market
Domestic Sugar Prices Steady Amid Stable Demand
After a continuous decline, domestic sugar prices remained stable across major markets for the second consecutive session.
Demand was reported to be steady, while easing selling pressure helped prices stabilize following the recent correction.
The Maharashtra Cane Commissioner has directed sugar mills that have obtained the required permissions to commence crushing operations on or before October 15. However, the government has not made it mandatory for mills to begin crushing before October 15. Mills seeking to start operations earlier can apply for a crushing licence, which will be issued upon meeting the prescribed requirements. Obtaining an official crushing licence from the Sugar Commissioner's office remains mandatory before commencing crushing operations.
In Kolhapur, S-grade sugar is currently quoted at ₹4,300-4,380 per quintal, while M-grade sugar in Muzaffarnagar is trading at ₹4,480-4,560 per quintal. Prices remain subdued as weak offtake continues to offset concerns over the upcoming season's production and recovery prospects.
Ex-mill Sugar Prices as on Sept, 29 2026 :
State | S/30 [Rates per Quintal] | M/30 [Rates per Quintal] |
Maharashtra | ₹4300 | ₹4380 |
South Karnataka | ₹4450 to 4600 | ₹4500 to 4625 |
Uttar Pradesh | - | ₹4480 to 4560 |
Gujarat | ₹4371 to 4391 | ₹4421 to 4461 |
Tamil Nadu | ₹4450 to 5000 | ₹4535 to 4750 |
Madhya Pradesh | ₹4435 to 4445 | ₹4505 to 4545 |
Punjab | - | ₹4651 to 4851 |
(All the above rates are excluding GST) |
Destination-wise Spot Prices as on Sept, 29 2026 :
City | Grade | Rate |
Delhi | M/30 | ₹4,777.50 |
Kanpur | M/30 | ₹4,798.50 |
Kolhapur | M/30 | ₹4,599.00 |
Kolkata | M/30 | ₹4,725.00 |
Muzaffarnagar | M/30 | ₹4,725.00 |
Ahmedabad | M/30 | ₹4,777.50 |
Bangaluru | M/30 | ₹4,882.50 |
Chennai | M/30 | ₹5,145.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $503.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 17.48 c/lb. The corn futures market trades at 525-6 and the ethanol Chicago trades at 2.12250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 96.096 whereas USD was trading with BRL at 5.1986 Crude WTI traded at $90.61 barrel. Sensex closed 242.65 points down at 72,529.07 whereas Nifty closed 64.05 points lower at 22,716.20
News Round-Up
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