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Informist, Monday, Mar. 17, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were up in key markets of Uttar Pradesh on Monday because of rise in demand, said traders. Prices in Maharashtra were steady as demand and supply were on par, they said.

Mills across Uttar Pradesh raised prices by INR 20-INR 25 as there was good demand from bulk consumers of sugar like ice-cream and beverage manufacturers, amid rising temperatures in several parts of the country, said Naresh Gupta, a trader from north India.

According to the India Meteorological Department, heatwave to severe heatwave conditions are likely to continue in parts of interior Odisha on Monday. Heatwave conditions are seen in isolated pockets for the subsequent two days, the weather agency said, adding that these conditions are likely to abate from the rest of east India from Tuesday. Heatwave conditions could persist in parts of Jharkhand, Vidarbha, and north Telangana Monday, the weather bureau said.

Mills in Uttar Pradesh had earlier raised prices by INR 15-INR 20 per 100 kg due to strong demand after prices fell by INR 100 per 100 kg in the past one week, Gupta said. Prices could rise further in the coming days due to seasonal demand, Gupta said.

Prices of the sweetener were steady in Maharashtra as demand and supply were on par, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to remain at current levels in the coming days, Kuvadia said.

Following are the highlights of sugar prices in the domestic market:

-Up INR 20-INR 25 at INR 3,950-INR 4,055 per 100 kg in western Uttar Pradesh

-Up INR 20-INR 25 at INR 3,950-INR 4,055 per 100 kg in central Uttar Pradesh

-Flat at INR 4,072-INR 4,132 per 100 kg in Kolhapur, Maharashtra

-Flat at INR 3,972-INR 4,070 per 100 kg in Mumbai, Maharashtra

At 1558 IST, sugar prices on the Intercontinental Exchange were up 2.1% at 19.6 cents per pound, tracking gains in crude oil prices on the New York Mercantile Exchange. Higher crude oil prices encourage diversion of sugarcane towards production of ethanol, leading to a fall in sugar supplies.  End

US$1 = INR 86.80

Edited by Nishant Maher

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