More Stories

Informist, Wednesday, Jul. 16, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Maharashtra rose Wednesday as demand improved slightly at lower rates, traders said. In Uttar Pradesh, mills kept prices steady after raising rates for two days in a row.

Mills in Maharashtra raised prices by INR 10 per 100 kg as demand improved at lower prices, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. There was negligible buying for the past few days, so pipeline stocks with traders had dried up, because of which demand rose, he explained.

Demand was subdued all these days as traders were hesitant to stock sugar as it absorbs moisture and spoils quickly during the monsoon, Kuvadia added.

Mills across Uttar Pradesh kept prices steady after having raised them the previous few days, said Naresh Gupta, a trader from north India. Demand during the next few days is expected to be sluggish as traders will not buy until the Kanwar Yatra ends as roads are blocked and availability of trucks for trasportation of stocks is reduced, he said.

Sugar prices have been down this month as there are no festivals and demand from confectioners is limited, Gupta said. In addition, demand for ice creams and cold drinks has also fallen with temperatures falling across the country following the onset of rains.

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

--Flat at INR 3,820-INR 3,940 per 100 kg in western Uttar Pradesh

--Flat at INR 3,850-INR 3,950 per 100 kg in central Uttar Pradesh

--Up INR 10 at INR 3,952-INR 4,070 per 100 kg in Mumbai

--Up INR 10 at INR 3,830-INR 3,890 per 100 kg in Kolhapur

At 1901 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 16.44 cents per pound on expectations of a global sugar surplus. Commodities trader Czarnikow has projected a 7.5 million-tonne global sugar surplus for the 2025-26 season, the largest surplus in eight years.  End

US$1 = INR 85.94

Edited by Rajeev Pai

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.