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Informist, Monday, Jun. 30, 2025

By Afra Abubacker

NEW DELHI – Ex-mill prices of sugar were largely steady in the key markets of Uttar Pradesh and Maharashtra on Monday due to lack of fresh triggers, traders said. They expect sugar prices to be range-bound this week due to poor demand and lower sales quota for July.

The government has set the sugar sales quota for July at 2.2 million tonnes, down 4.3% from June and down 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.

Sugar prices were largely unchanged in Uttar Pradesh, said Naresh Gupta, a trader from northern India. "Prices are soft. Demand is poor," 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 southwest monsoon covered the entire country Sunday, as it advanced to Rajasthan, western Uttar Pradesh, Haryana, and Delhi on the same day.

Prices remained flat in Maharashtra due to lack of fresh triggers. "Prices are flat from Friday. The market is slow," said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association.

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

--Flat at INR 3,820-INR 3,920 per 100 kg in western 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 down 2.2% at 16.34 cents per pound. Prices fell due to expectations of higher global sugar output. Brazil's sugar production in 2025-26 is estimated to rise 2.3% to a record 44.7 million tonnes. Sugar production in India in 2025-26 is projected to rise 25% to 35.3 million tonnes due to a favourable monsoon and higher sugarcane acreage. Thailand's 2025-26 sugar production is expected to increase 2% to 10.3 million tonnes.  End

Edited by Nishant Maher

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