Weekly Review – Sugar
21-Mar-2026 07:05 PM
Sugar Prices Soften Due to Weak Trading Activity
New Delhi: Although the 'free sale' quota of 2.25 million tonnes of sugar announced for the month of March is not large enough to exert a significant impact on mills or the market, sugar prices continue to face pressure due to several other factors. During the week spanning March 14 to March 20, both mill-delivery prices and spot market rates for sugar witnessed a decline of ₹10–20 per quintal.
Mill Delivery Prices
Sugar mill-delivery prices softened by ₹30 per quintal in Eastern Uttar Pradesh, ₹50 in Western Uttar Pradesh, and ₹20 in Punjab. Conversely, prices rose by ₹5 per quintal in Madhya Pradesh and ₹80 per quintal in Bihar. In Gujarat, prices witnessed a decline of ₹10–20 per quintal.
Spot Market Rates
Spot market rates for sugar remained stable at previous levels—₹4,300–₹4,450 per quintal in Delhi and ₹4,100–₹4,200 per quintal in Indore. In Raipur, prices rose by ₹40 to reach ₹4,070–₹4,150 per quintal; however, in Kolkata, rates dropped by ₹80 to settle at ₹4,150–₹4,300 per quintal, while in Mumbai (Vashi), prices fell by ₹20 to stand at ₹3,830–₹4,030 per quintal. Naka port-delivery prices also softened by ₹20.
Production
Sugar production is currently running ahead of last season's pace; however, the overall increase in total production is expected to fall short of earlier estimates. Export performance has also not been encouraging. Most sugar mills have now ceased operations.