India Sugar
Steady in key mkts; prices likely to remain at current levels
This story was originally published at 20:34 IST on 13 June 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Friday, said traders. There was some demand at the current prices, they said.
Mills across Uttar Pradesh kept prices steady as rates have fallen quite significantly during the previous few days, said Naresh Gupta, a trader from north India. Prices of the sweetener might stabilise at current levels, Gupta added.
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 1858 IST, sugar prices on the Intercontinental Exchange were up 0.2% at 16.30 cents per pound. Sugar prices rose tracking crude oil prices. Higher crude oil prices prompt mills to divert more sugarcane towards ethanol production rather than sugar, reducing sugar supplies. However, expectations of a global sugar surplus in key producing countries, including India, this year are preventing prices from rising further. End
US$1 = INR 86.08
Edited by Deepshikha Bhardwaj
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