India Sugar
Up in north India despite low demand, down in Maharashtra
This story was originally published at 19:40 IST on 13 May 2025
Register to read our real-time news.Informist, Tuesday, May 13, 2025
By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh rose again Tuesday despite poor demand as mills were not in a hurry to meet the monthly sales quota, said traders. On the other hand, mills in Maharashtra cut prices due to sluggish demand, they said.
Mills in Uttar Pradesh raised prices by INR 10-INR 15 per 100 kg, Naresh Gupta, a trader from north India, said. But there was no demand at the higher price levels, Gupta said. Prices in the resale markets of Uttar Pradesh also rose INR 5-INR 10 per 100 kg, he said.
Prices can increase further if there is demand from Rajasthan in the next few days, Gupta said. Mills have raised prices despite poor demand as they are not in a hurry to meet the sales quota, he added.
Sugar prices in Maharashtra fell INR 10 per 100 kg, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices could fall further in the coming days as demand is poor and is unlikely to pick up, said Kuvadia.
The following are the highlights of sugar prices in the domestic market:
--Up INR 10-INR 15 at INR 3,880-INR 4,040 per 100 kg in western Uttar Pradesh
--Up INR 10-INR 15 at INR 3,880-INR 4,040 per 100 kg in central Uttar Pradesh
--Down INR 10 at INR 3,840-INR 3,880 per 100 kg in Kolhapur, Maharashtra
--Down INR 10 at INR 4,012-INR 4,072 per 100 kg in Mumbai, Maharashtra
At 1919 IST, sugar prices on the Intercontinental Exchange were up 3% at 18.23 cents per pound, tracking a rise in crude oil prices on the New York Mercantile Exchange. Higher crude oil prices encourage diversion of sugarcane for the production of ethanol, leading to a fall in sugar supplies. End
US$1 = INR 85.33
Edited by Tanima Banerjee
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.
To read more please subscribe
Share this Story:
