More Stories

Informist, Friday, Apr. 4, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra for the third consecutive day on Friday, traders said. Prices will most likely remain at the current levels in the near term, they said. 

Mills in Uttar Pradesh kept prices steady Friday as demand remained muted at higher rates, Naresh Gupta, a trader from north India, said. Usually, there is firm demand in April from bulk consumers of sugar such as ice cream and cold drinks manufacturers, but it is yet to pick up, he said. 

After the release of the sales quota for April, prices rose by INR 40 per 100 kg as the quota of 2.35 million tonnes was deemed to be insufficient for the month. The government has set the domestic sugar sales quota for April at 2.35 million tonnes, down 6% from 2.5 million tonnes last year.

In the resale market, prices fell by INR 10 per 100 kg today, as the demand was weak, Gupta said. 

Mills in Maharashtra also kept prices steady Friday as demand and supply were on par, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. He said prices are likely to remain rangebound in the near term. 

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 3,810-INR 3,880 per 100 kg in Kolhapur, Maharashtra

--Flat at INR 4,036-INR 4,142 per 100 kg in Mumbai, Maharashtra

At 1816 IST, sugar prices on the Intercontinental Exchange were down 0.6% at 19.07 cents per pound, tracking a fall in crude oil prices on the New York Mercantile Exchange. Lower crude oil prices discourage the diversion of sugarcane for the production of ethanol, leading to a rise in sugar supplies.  End

US$1 = INR 85.23

Edited by Saji George Titus

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.