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Informist, Thursday, Jun. 5, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra fell Thursday owing to poor demand, traders said. They further said the downtrend is likely to continue with demand unlikely to pick up.

Mills across Uttar Pradesh cut prices by INR 10-INR 20 per 100 kg as demand was subdued even at lower rates, said Naresh Gupta, a trader from northern India. Prices might fall further as demand is typically low in June, Gupta said. However, some demand could come from resellers if stocks in the pipeline are exhausted, he added. 

The Centre has set the domestic sugar sales quota for June at 2.30 million tonnes, 2.1% lower than the May quota of 2.35 million tonnes and nearly 10% lower than the quota of 2.55 million tonnes for June last year. Gupta said the sales quota was adequate to meet demand this month.

Mills in Maharashtra cut prices by INR 10 per 100 kg Thursday owing to sluggish demand, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. He, too, said lower demand is likely to lead to prices falling further.

The following are the highlights of sugar prices in the domestic market:

--Down INR 10-INR 20 at INR 3,850-INR 3,950 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 20 at INR 3,850-INR 3,950 per 100 kg in central Uttar Pradesh

--Down INR 10 at INR 3,820-INR 3,830 per 100 kg in Kolhapur, Maharashtra

--Down INR 10 at INR 3,980-INR 4,074 per 100 kg in Mumbai, Maharashtra

At 1826 IST, sugar prices on the Intercontinental Exchange were down 1.4% at 16.51 cents per pound. The National Federation of Cooperative Sugar Factories projected India's 2025-26 (Oct-Sept) sugar production to climb 19% on year to 35 million tonnes, citing larger sugarcane acreage. Outlook of higher sugar production in India, the world's second-largest producer, weighed on global sugar prices.  End

US$1 = INR 85.79

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Nishant Maher

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