India Sugar
Prices rise in north after deep cuts earlier; ICE price down
This story was originally published at 20:16 IST on 16 June 2025
Register to read our real-time news.Informist, Monday, Jun. 16, 2025
By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh rose Monday, as prices have fallen substantially since the begining of the month, said traders. Mills in Maharashtra kept prices steady owing to the lack of fresh cues, they said.
Mills across Uttar Pradesh raised prices by INR 20-INR 25 per 100 kg after cutting rates by INR 50-INR 60 per 100 kg since the start of the month, said Naresh Gupta, a trader from north India. However, there was no demand at the raised prices, said Gupta. Prices in the resale market fell by INR 10-INR 15 per 100 kg, 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 the southwest monsoon lowering temperatures, said Kuvadia. Demand for sugar is typically lower 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 either, Kuvadia said.
The following are the highlights of sugar prices in the domestic market:
--Up INR 20-INR 25 at INR 3,830-INR 3,940 per 100 kg in west Uttar Pradesh
--Up INR 20-INR 25 at INR 3,830-INR 3,940 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 1717 IST, sugar prices on the Intercontinental Exchange were down 0.2% at 16.10 cents per pound. Lower crude oil prices discourage mills from diverting sugarcane towards ethanol production, which in turn increases the supply of sugar. Expectations of a global sugar surplus in key producing countries, including India, this year are also preventing prices rising further. End
US$1 = INR 86.06
Edited by Rajeev Pai
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:
