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Informist, Tuesday, Jul. 22, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Tuesday, traders said. Mills raised prices the previous day and were waiting for sales at those prices before increasing rates further, they added.

Mills across Uttar Pradesh kept prices steady as they had already raised rates by INR 25-INR 30 per 100 kg during the previous day, said Naresh Gupta, a trader from north India. Mills had raised rates the previous day on anticipation of demand increasing at the end of the month, when Kawar Yatra is to end.

As of now, there is unavailability of trucks to transport stocks due to the Kawar Yatra. As such, traders are not buying. As soon as the Yatra ends, there will be firm demand as the resale market would have exhausted stocks in the pipeline, Gupta said.

Sugar prices have been down due to limited demand from confectioners, he said. Demand from ice cream and soft drink manufacturers has also declined due to lower temperatures.

In Maharashtra, sweetener prices were steady on Tuesday, as mills raised prices by INR 20-INR 30 per 100 kg the previous day due to demand from south India, ahead of the festival season, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. There was however, limited demand on Tuesday at the elevated prices, Kuvadia added.

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

--Flat at INR 3,870-INR 4,000 per 100 kg in western Uttar Pradesh

--Flat at INR 3,900-INR 4,020 per 100 kg in central Uttar Pradesh

--Flat at INR 3,980-NR 4,062 per 100 kg in Mumbai

--Flat at INR 3,840-INR 3,910 per 100 kg in Kolhapur

At 1719 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 16.24 cents per pound. Sugar prices fell, tracking a fall in crude oil prices. Lower crude oil prices reduce diversion of sucrose for ethanol production, increasing sugar production.  End

US$1 = INR 86.37    

Edited by Avishek Dutta

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