Weekly Review - Sugar

14-Feb-2026 07:51 PM

Sugar Prices Soften Due to Weak Trading

New Delhi. Sugar mill delivery prices, spot market prices, and tender prices softened during the week of February 7-13, driven by easing supply and availability, while demand and offtake remained weak. However, with temperatures now rising, the Holi festival approaching, and the government increasing the export quota by 500,000 tonnes, some firmness in sugar prices is expected, but a significant increase immediately appears unlikely. A free sale quota of 2.25 million tonnes of sugar has been issued for the 28-day month of February, which is putting pressure on the market.

Delivery Prices

During the week under review, sugar mill delivery prices remained unchanged in Northeast Uttar Pradesh and Punjab, but declined by ₹25 per quintal in Western Uttar Pradesh, ₹15 in Madhya Pradesh, ₹60 in Bihar, and ₹10 in Gujarat. In these states, the mill delivery price of sugar was recorded between ₹3910 and ₹4475 per quintal, while in Gujarat it was between ₹3795 and ₹4080 per quintal.

Spot Price

As far as spot market prices are concerned, they remained stable at ₹4300/4475 per quintal in Delhi, but fell by ₹20 to ₹4080/4180 per quintal in Indore and ₹50 to ₹4080/4150 per quintal in Raipur. However, in Kolkata, sugar prices increased by a significant ₹70 to ₹4250/4400 per quintal, but in Mumbai (Vashi), they softened by ₹20 to ₹3850/4050 per quintal. The port delivery price of sugar also fell by ₹20 to ₹3800/4000 per quintal.

Tender

Sugar tender prices in Maharashtra fell sharply, ranging from ₹50 to ₹75 per quintal, while in Karnataka they fell by ₹55 per quintal. Millers in both states are being forced to sell their sugar at significantly lower prices.