India Sugar
Steady in key mkts due to lack of selling pressure, poor demand
This story was originally published at 18:01 IST on 17 April 2025
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By Afra Abubacker
NEW DELHI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady Thursday, due to lack of selling pressure and tepid demand, said traders.
Mills across Uttar Pradesh kept prices steady, said Naresh Gupta, a trader from north India. "Demand sentiment is weak. Purchases have not picked up like usual," he added. Typically, April sees an uptick in sugar purchases as demand from soft drink and ice-cream makers increases during summer.
Meanwhile, sugar production across the country has neared conclusion with only 38 sugar mills crushing sugarcane as of Tuesday, the Indian Sugar and Bio-Energy Manufacturers Association said Thursday. About 534 mills were operational at the start of the season in October, it added.
Sugar production as of Tuesday was 25.5 million tonnes, accounting for 99.6% of the production estimate for 2024-25 (Oct-Sept), ISMA said. Uttar Pradesh and Maharashtra produced 9.1 million tonnes, and 8.1 million tonnes, respectively. The two states are the country's biggest sugar producers.
ISMA said it is optimistic about sugar output in 2025-26 (Oct-Sep) due to projections of a normal southwest monsoon by the India Meteorological Department and Skymet.
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
--Flat at INR 3,800-INR 3,855 per 100 kg in Kolhapur, Maharashtra
--Flat at INR 4,006-INR 4,082 per 100 kg in Mumbai, Maharashtra
At 1654 IST, sugar prices on the Intercontinental Exchange were largely flat at 17.87 cents per pound. The outlook for good rain in India has undercut concerns about sugar production in 2025-26 (Oct-Sep). India is a major sugar exporter in the world, after Brazil and Thailand. End
US$1 = INR 85.36
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Nishant Maher
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