More Stories

Informist, Thursday, Jun. 12, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra on Thursday despite sluggish demand as mills have already lowered rates significantly, said traders. Prices could fall further in the coming days as demand is unlikely to pick up, they said. 

Mills across Uttar Pradesh kept prices steady to wait and see if demand picks up at the current price levels, said Naresh Gupta, a trader from north India. Prices in the resale market, were, however, down by INR 10-15 per 100 kg, said Gupta. Sweetener prices might stabilise at the current levels, as prices have fallen quite significantly during the last few days, Gupta said. 

Mills in Maharashtra kept prices steady, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. The downtrend could continue as there is no demand from ice-cream and cold-drink manufacturers with the onset of southwest monsoon and the temperature getting cooler, said Kuvadia. Demand for sugar is typically lower during this month, he said.

Demand for sugar is also less on account of the availability of healthier alternatives such as jaggery, he said. Moreover, there is no festival this month, so there is no demand from confectioneries, Kuvadia said.

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

--Flat at INR 3,850-INR 3,950 per 100 kg in west Uttar Pradesh
--Flat at INR 3,850-INR 3,950 per 100 kg in central Uttar Pradesh
--Flat at INR 3,800-INR 3,850 per 100 kg in Kolhapur
--Flat at INR 3,963-INR 4,052 per 100 kg in Mumbai

At 1835 IST, sugar prices on the Intercontinental Exchange were down 0.6% at 16.71 cents per pound. Sugar prices fell tracking crude oil prices. Lower crude oil prices discourage mills to divert sugarcane towards ethanol production, which increases sugar supplies. Meanwhile, expectations of a global sugar surplus in key producing countries, including India, this year are also preventing prices from rising further.  End

US$1 = INR 85.60

Edited by Deepshikha Bhardwaj

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.