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Informist, Tuesday, Aug. 12, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Tuesday as demand did not pick up, said traders. Demand was anticipated to have increased this month but after the initial substantial rise in demand post the release of the sales quota for August, it cooled down as prices rose significantly, they said.

Mills in Uttar Pradesh kept prices steady again on Tuesday as demand was limited, said Naresh Gupta, a trader from north India. Mills had cut prices Friday by INR 20-INR 25 per 100 kg as demand was sluggish at higher price levels. 

Prices had risen nearly INR 90-INR 100 per 100 kg after the release of the sales quota for August, as it was deemed to be insufficient to meet the demand as festivals start from this 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 1826 IST, sugar prices on the Intercontinental Exchange were up 2.4% at 16.89 cents per pound. According to Covrig Analytics, a research, forecasts and consulting company for sugar and ethanol markets, smaller cane yields from Brazil's sugar farmers may knock the country's 2025-26 sugarcane production below 600 million tonnes, much lower than Brazilian government crop forecasting agency Conab's forecast of 663.4 million tonnes. Concern about smaller sugar supplies from Brazil is supporting global sugar prices.  End

US$1 = INR 87.71

Edited by Tanima Banerjee

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