More Stories

Informist, Monday, Aug. 4, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady Monday as demand slowed at elevated price levels, traders said. Prices rose substantially after the release of the sales quota for August due to high demand amid concerns about lower availability later, they said.

In Uttar Pradesh, mills kept prices steady after increasing rates by INR 70 per 100 kg as there was little demand at such high prices, said Naresh Gupta, a trader from north India. Prices rose substantially after the release of the sales quota for August as resellers stocked up in a hurry as they were concerned that mills would run out of stocks fast, Gupta said. 

The government has set the August sales quota for sugar mills at 2.20 million tonnes, below market expectations of 2.35 million tonnes to 2.40 million tonnes. Since demand for the sweetener typically rises ahead of festivals, the quota is deemed to be insufficient. Festivals like Durga Ashtami, Raksha Bandhan, Krishna Janmashtami, Ganesh Chaturthi, and Onam are lined up in August.

Mills in Maharashtra also kept prices of the sweetener steady as there was not much demand at elevated price levels, 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 3,915-INR 4,030 per 100 kg in western Uttar Pradesh

--Flat at INR 3,935-INR 4,060 per 100 kg in central Uttar Pradesh

--Flat at INR 4,062-NR 4,162 per 100 kg in Mumbai

--Flat at INR 3,930-INR 3,990 per 100 kg in Kolhapur

At 1631 IST, sugar prices on the Intercontinental Exchange were up nearly 1% at 16.30 cents per pound. UNICA, a Brazilian industry associate, said the cumulative 2025-26 Brazil Centre-South sugar output through mid-July fell 9.2% on year to 15.65 million tonnes. Lower availability of sugar is a bullish factor for global sugar prices.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Nishant Maher

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.