India Sugar
Down in Maharashtra as demand poor, steady in north India
This story was originally published at 17:29 IST on 16 April 2025
Register to read our real-time news.Informist, Wednesday, Apr. 16, 2025
By Afra Abubacker
NEW DELHI – Ex-mill prices of sugar in the key markets of Maharashtra fell Wednesday due to tepid demand. Prices were steady in Uttar Pradesh due to lack of selling pressure, said traders.
Prices fell in Maharashtra by INR 10-INR 12 per 100 kg due to poor demand. "Due to multiple holidays since last week, people are out of the city (Mumbai). Purchases of soft drinks, ice creams and sweets are weak," said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association.
Mills across Uttar Pradesh kept prices steady due to lack of selling pressure, said Naresh Gupta, a trader from north India. "It's a strange thing. Normally, demand picks up in April. But it is not," Gupta said. "But mills are not under selling pressure, so prices are steady," he added. Typically, April sees an uptick in sugar purchases as demand from soft drink and ice-cream makers increases during summer.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,900-INR 4,000 per 100 kg in western Uttar Pradesh
--Flat at INR 3,900-INR 4,000 per 100 kg in central Uttar Pradesh
--Down INR 10-INR 12 at INR 3,800-INR 3,855 per 100 kg in Kolhapur, Maharashtra
--Down INR 10-INR 12 at INR 4,006-INR 4,082 per 100 kg in Mumbai, Maharashtra
At 1634 IST, sugar prices on the Intercontinental Exchange were largely flat at 17.65 cents per pound. End
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 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
