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Informist, Monday, Aug. 11, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Monday due to need-based demand, said traders. Prices rose initially after the release of the sales quota due to concerns of lower availability, but demand cooled down as prices had risen significantly, they said.

 

Mills across Uttar Pradesh kept prices steady due to need-based buying, said Naresh Gupta, a trader from north India. Mills had cut prices the previous day by INR 20-INR 25 per 100 kg as demand was sluggish at higher price levels. 

 

After the release of the sales quota for August, prices rose nearly INR 90-INR 100 per 100 kg as the quota was deemed to be insufficient to meet demand during the month. However, after the initial spike in demand at the start of the month due to speculation of lower availability, demand became sluggish and prices did not sustain at higher levels, Gupta said. The government has allocated 2.25 million tonnes as sales quota to sugar factories for August.

 

Mills in Maharashtra 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 3,895-INR 4,005 per 100 kilograms in western Uttar Pradesh

--Flat at INR 3,915-INR 4,035 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 1849 IST, sugar prices on the Intercontinental Exchange were up 0.2% at 16.43 cents per pound, tracking a rise in crude oil prices. Higher crude oil prices encourage diversion of sucrose for ethanol production, thereby reducing sugar production.  End

 

US$1 = INR 87.66

 

Edited by Deepshikha Bhardwaj

 

 

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