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Informist, Friday, Jul. 25, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar rose in key markets of Uttar Pradesh as there was some demand after kawar yatra, said traders. Mills in Maharashtra kept prices steady as they are waiting for the release of the sales quota for next month, they said.

Mills across Uttar Pradesh raised prices by INR 10 per 100 kilograms on Friday, driven by improved demand as the Kawar Yatra entered its final phase, allowing trucks to became available for transporting stocks, said Naresh Gupta, a trader from north India. Sugar prices have been down due to limited demand from confectioners. Demand from ice cream and soft drink manufacturers has also declined due to lower temperatures, Gupta said.

Mills also raised rates as they have sold most of the stocks and were not in a hurry to meet the quota for the month, he said. Prices in the resale market were steady, Gupta said. Mills are now waiting for the release of the sales quota for the next month, he added.

In Maharashtra, prices of the sweetener were steady in key markets on Friday, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices could rise ahead of the festival season. Mills are awaiting the release of the sales quota for August, Kuvadia added.

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

--Up INR 10 at INR 3,880-INR 3,980 per 100 kg in western Uttar Pradesh

--Up INR 10 at INR 3,900-INR 4,010 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 1604 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 16.42 cents per pound. The outlook for higher sugar production in Brazil is bearish for sugar prices. Dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol.  End

US$1 = INR 86.51

Edited by Subhojit Sarkar

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