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Informist, Wednesday, Aug. 13, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar fell on subdued demand in the key markets of Uttar Pradesh Wednesday, traders said. On the other hand, the prices of the sweetener in Maharashtra rose as demand increased, they said. Mills in Uttar Pradesh cut prices by INR 10 per 100 kilogram, traders said. Prices have fallen by INR 20-INR 25 per 100 kg from the peak levels, Gupta said. 

Following the release of the sales quota for August, prices had risen nearly INR 90-INR 100 per 100 kg as the quota was deemed to be insufficient to meet the demand ahead of the upcoming festivals during the month. However, after the initial spike in demand at the start of the month due to a 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. But, whether the sales quota will be sufficient for the month or not will only be realised at the end of the month, he added.

Prices in Maharashtra rose by INR 10-INR 15 per 100 kg as there was good demand before the markets remain shut for the next three days on account of Independence day and Janmashtami festival, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. 

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

--Down INR 10 at INR 3,925-INR 4,025 per 100 kilograms in western Uttar Pradesh

--Down INR 10 at INR 3,925-INR 4,025 per 100 kg in central Uttar Pradesh

--Up INR 10-INR 15 at INR 4,092-NR 4,182 per 100 kg in Mumbai

--Up INR 10-INR 15 at INR 3,920-INR 3,980 per 100 kg in Kolhapur

At 1518 IST, sugar prices on the Intercontinental Exchange were down 0.2% at 16.90 cents per pound, tracking losses in crude oil prices NYMEX. Lower crude oil prices discourage diversion of sucrose for ethanol production, thereby increasing sugar production.  End

US$1 = INR 87.44

Edited by Subhojit Sarkar

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