India Sugar
Steady in key markets; prices likely to fall in coming days
This story was originally published at 16:29 IST on 8 July 2025
Register to read our real-time news.Informist, Tuesday, Jul. 8, 2025
By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra remained steady on Tuesday, said traders. Prices are likely to fall in the coming days if demand does not pick up, they said.
Mills in Uttar Pradesh kept prices steady after falling earlier following the release of the sales quota of 2.2 million tonnes for July as it was considered more than sufficient. Mills were waiting to see if demand picks up at the current price levels, said Naresh Gupta, a trader from north India. However, demand is unlikely to increase during the week as traders are not purchasing at the moment due to roads remaining closed in west Uttar Pradesh and some other parts of north India on account of Kawar yatra starting Friday, when trucks will not be able to deliver the stocks.
Meanwhile, demand from bulk consumers of sugar such as ice-cream and cold-drink manufacturers is also poor during the monsoon season, so mills are not increasing rates, Gupta 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 rains 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 1557 IST, sugar prices on the Intercontinental Exchange were steady at 16.29 cents per pound. End
US$1 = INR 85.69
Edited by Tanima Banerjee
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