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Informist, Thursday, Jul. 17, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh and Maharashtra were steady Thursday as demand was negligible, traders said. Mills in Uttar Pradesh had raised their rates at the start of the week anticipating higher demand once the Kanwar yatra ends later this month. Mills in Maharashtra had raised prices Wednesday as demand had improved slightly at lower price levels.

Mills in Uttar Pradesh kept prices steady Thursday as there is no demand from traders owing to the poor availability of transport with the Kanwar yatra on in some states, said Naresh Gupta, a trader based in north India. Sugar prices have also been down as there are no festivals this month and demand from confectioners is limited, he said. Demand from ice-cream and soft-drink manufacturers has also fallen.

In Maharashtra, prices of sugar were steady as demand was limited after mills had sold a substantial quantity Wednesday to replenish pipeline stocks with traders, 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 3,940 per 100 kg in western Uttar Pradesh

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

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

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

At 1821 IST, sugar prices on the Intercontinental Exchange were up 1.5% at 16.81 cents per pound. Sugar prices rose tracking a rise in crude oil prices. Higher crude oil prices increase the diversion of sucrose for ethanol production, which means sugar production takes a hit.  End

US$1 = INR 86.07

Edited by Rajeev Pai

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