India Sugar
Steady in key markets; prices to fall on weak demand
This story was originally published at 17:09 IST on 7 July 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, said traders. Prices are likely to remain at the curent levels or fall in the coming days due to weak demand, they said.
Mills across Uttar Pradesh kept prices steady to see if demand picks up at these levels, after cutting them for a few days following the release of the sales quota for July, said Naresh Gupta, a trader from north India. Market participants are of the view that the sales quota of 2.2 million tonnes is deemed to be more than sufficient for July as there is little demand, Gupta added.
Prices in the resale market of the state fell by INR 5-INR 10 per 100 kilogram due to poor demand, Gupta said. There are no festivals during this month and demand from bulk consumers of sugar such as ice-cream and cold-drink manufacturers are also less during the monsoon season, he added.
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 gets spoiled, said Kuvadia.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,810-INR 3,885 per 100 kg in western Uttar Pradesh
--Flat 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 1641 IST, sugar prices on the Intercontinental Exchange were steady at 16.37 cents per pound. End
US$1 = INR 85.85
Edited by Akul Nishant Akhoury
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