Weekly Review - Sugar
03-Jan-2026 06:41 PM
Sugar Prices Remain Soft Amidst Weak Trading
New Delhi: Due to excess supply and weak demand, sugar mill delivery prices and spot market rates have remained soft for the past few weeks. Ex-factory selling prices have also fallen significantly, and tender prices are also lower.
Quota
Similar to December 2025, a free sale quota of 2.2 million tonnes of sugar has been released for domestic sales in January 2026. This appears sufficient considering the weak industrial demand and the increasing availability of jaggery. However, due to the Magh Mela in Prayagraj, Makar Sankranti in mid-January, followed by the wedding season, and the Pongal festival in South India, some increase in domestic demand and consumption of sugar is expected during the current month, which may occasionally lead to price increases. However, generally, the market is likely to remain stable or soft due to the balance between demand and supply.
Mill Delivery Prices
During the week from December 27, 2025, to January 2, 2026, sugar mill delivery prices declined by ₹5 per quintal in Western Uttar Pradesh and Madhya Pradesh, ₹10 in Punjab, ₹20 in Eastern Uttar Pradesh, and ₹40 to ₹70 in Gujarat. However, prices increased by ₹20 per quintal in Bihar.
Spot Prices
Sugar spot market prices remained stable or soft. Prices remained at the previous levels of ₹4400/4450 per quintal in Delhi and ₹4000/4075 per quintal in Indore. However, prices fell by ₹20 to ₹3960/4050 in Raipur and by ₹30 to ₹3770/3900 per quintal in Mumbai (Vashi).
Kolkata
In Kolkata, sugar prices also declined by ₹10 to ₹25 per quintal. The port delivery price of sugar at Naka fell by 30 rupees to 3720/3860 rupees per quintal, while the tender price in Maharashtra dropped by up to 140 rupees to 3560/3730 rupees per quintal. However, the tender price of sugar in Karnataka registered an increase of 70 to 130 rupees per quintal.