India Sugar
Prices down in north on weak demand; steady in Maharashtra
This story was originally published at 16:52 IST on 20 May 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill sugar prices in key markets of Uttar Pradesh fell on Tuesday due to weak demand, traders said. Mills in Maharashtra held prices steady with demand matching supply, they said.
Mills in Uttar Pradesh cut prices by INR 50 per 100 kilogram amid sluggish demand, said Naresh Gupta, a trader from north India. The downtrend is expected to continue as demand is unlikely to pick up, he said. Prices in resale markets in the state also fell by INR 10-INR 15 per 100 kg due to weak demand, Gupta said.
Normally, demand from institutional buyers, including ice cream and cold drink manufacturers, rises during summer months. However, demand for sugar has been low this summer due to availability of healthier alternatives, he added.
Prices of the sweetener remained flat in Maharashtra as demand matched supply, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Mills are under no pressure to meet their monthly sales quota just yet, but prices could fall in the coming days due to weak demand, he added.
The following are the highlights of sugar prices in the domestic market:
--Down INR 50 at INR 3,880-INR 3,990 per 100 kg in western Uttar Pradesh
--Down INR 50 at INR 3,880-INR 3,990 per 100 kg in central Uttar Pradesh
--Flat at INR 3,840-INR 3,880 per 100 kg in Kolhapur, Maharashtra
--Flat at INR 4,012-INR 4,072 per 100 kg in Mumbai, Maharashtra
At 1544 IST, sugar prices on the Intercontinental Exchange were steady at 17.46 cents per pound. End
US$1 = INR 85.63
Edited by Subhojit Sarkar
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