India Sugar
Steady in key markets on limited buying; ICE prices up
This story was originally published at 18:58 IST on 18 July 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra Friday due to limited buying, said traders. Prices are likely to remain at the current levels across the country unless there is pressure to meet the quota, they said.
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.
Prices are likely to remain at the current level until mills are under pressure to sell the stocks to meet the monthly sales quota, Kuvadia said. If demand picks up, prices could recover, he added.
Mills in Uttar Pradesh kept prices steady as there was negligible demand due to the Kanwar Yatra, said Naresh Gupta, a trader from north India. There is currently no demand as roads are blocked due to the Kanwar Yatra, and there is a lack of trucks for transporting stocks, Gupta said.
Sugar prices have also been down as the demand from confectioners is limited, he said. Demand from ice cream and soft drink manufacturers has also declined due to cooler temperatures.
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 1846 IST, sugar prices on the Intercontinental Exchange were up 1.4% at 16.98 cents per pound. Sugar prices rose, tracking a rise in crude oil prices. Higher crude oil prices lead to a diversion of sucrose for ethanol production, thereby reducing sugar production. End
US$1 = INR 86.14
Edited by Saji George Titus
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