More Stories

Informist, Tuesday, Apr. 1, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady Tuesday in key markets of Uttar Pradesh as demand was subdued, traders said. Prices were steady in Maharashtra as well, as demand and supply were on a par, traders added. The sales quota of 2.35 million tonnes for April was deemed to be insufficient, but it is yet to impact prices, they said.

Mills in Uttar Pradesh kept sugar prices steady as demand was subdued, said Naresh Gupta, a trader from northern India. Prices were higher by INR 40 per 100 kg from the previous working day due to anticipation of lower supply, he said. However, in the weeks to come, prices could rise as there is usually higher demand from ice-cream and soft drink manufacturers in April as temperatures start to peak, Gupta said.

Prices can rise by INR 20-INR 30 per 100 kg from the current levels in the coming days, said Gupta.

Mills in Maharashtra, also kept prices steady Tuesday as demand and supply were on a par, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Despite a lower sales quota, prices did not rise as the government has given an extension to mills of till Apr. 10 to complete the March sales quota, Kuvadia said.

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

--Flat at INR 3,905-INR 4,035 per 100 kg in western Uttar Pradesh

--Flat at INR 3,905-INR 4,065 per 100 kg in central Uttar Pradesh

--Flat at INR 3,840-INR 3,890 per 100 kg in Kolhapur, Maharashtra

--Flat at INR 4,052-INR 4,142 per 100 kg in Mumbai, Maharashtra

At 1615 IST, sugar prices on the Intercontinental Exchange were up 1.2% at 18.89 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 85.47

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Nishant Maher

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.