India Sugar
Prices flat in key markets due to lack of fresh triggers
This story was originally published at 16:05 IST on 27 June 2025
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By Afra Abubacker
NEW DELHI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were largely steady on Friday due to lack of fresh triggers, traders said. On Thursday, sugar prices had risen slightly after the Centre announced a lower sales quota for July.
The government has set the domestic sugar sales quota for July at 2.2 million tonnes, down 4.3% from a month ago and 8.3% from a year ago. The government fixes the maximum quantity of sugar available for sale every month to support prices and help mills clear the arrears of sugarcane farmers.
Millers in Maharashtra had expected the government to fix the quota at 2.25 million tonnes to 2.30 million tonnes, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices were largely flat in Maharashtra Friday after having risen by INR 15 per 100 kg on Thursday, he said. Kuvadia expects prices in Maharashtra to rise by INR 10–15 in the first week of July, before stabilising.
Sugar prices in Uttar Pradesh remained largely unchanged on Friday, Naresh Gupta, a north India-based trader, said. Demand is poor and mills did not cut rates as they are already at lower levels, Gupta said. Typically, sugar demand from soft drink makers and ice cream manufacturers declines in July with the fall in temperature due to the monsoon season.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,820-INR 3,920 per 100 kg in west Uttar Pradesh
--Flat at INR 3,830-INR 3,925 per 100 kg in central Uttar Pradesh
--Flat at INR 3,942-INR 4,060 per 100 kg in Mumbai
--Flat at INR 3,820-INR 3,880 per 100 kg in Kolhapur
At 1539 IST, sugar prices on the Intercontinental Exchange were up 1.7% at 16.62 cents per pound. Prices were up tracking rise in crude oil prices. Higher crude oil prices make ethanol blending more attractive, reducing sucrose diversion for sugar production. End
US$1 = INR 85.47
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Ashish Shirke
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