More Stories

Informist, Thursday, Jul. 3, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar fell in the key markets of Uttar Pradesh Thursday due to sluggish demand, while prices remained steady in Maharashtra, traders said. Prices are unlikely to pick up this month as there are no festivals in July to drive purchases and there is no demand from bulk buyers such as ice-cream and cold-drink manufacturers, they said.

Mills across Uttar Pradesh cut prices by INR 10-INR 15 per 100 kilograms, as demand did not pick up even after cutting prices the previous day, said Naresh Gupta, a trader from northern India. The sales quota of 2.2 million tonnes is deemed to be more than sufficient for July as there is little demand, Gupta added.

There is no demand for sugar from bulk consumers like ice-cream and cold drink manufacturers as rains have lowered the temperature across the country and there are no festivals this month, Gupta said.

In Maharashtra, prices of the sweetener were steady due to lack of fresh cues, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Due to rain across the country, traders are hesitant to stock sugar as it easily absorbs moisture and spoils, said Kuvadia.

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

--Down INR 10-INR 15 at INR 3,810-INR 3,885 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,830-INR 3,915 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 1519 IST, sugar prices on the Intercontinental Exchange rose nearly 2% to 15.87 cents per pound due to concerns about lower production in Brazil. UNICA, Brazil's representative body for sugar companies, said the cumulative 2025-26 Brazil centre-south sugar output until mid-June was down 14.6% on year at 9.40 million tonnes. End

US$1 = INR 85.31

Edited by Nishant Maher

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.