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Informist, Tuesday, Aug. 19, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar fell in Uttar Pradesh on Tuesday but were steady in Maharashtra, traders said. Prices are likely to remain at the current levels as demand is unlikely to pick up, they said. 

 

Mills in Uttar Pradesh cut prices by INR 10-INR 15 per 100 kilograms due to sluggish demand, Naresh Gupta, a trader from north India, said. Although there are festivals ahead, the demand is not as much that it could lift the prices, Gupta said. Following the initial price rise of about INR 90-INR 100 per 100 kg after the August sales quota was released, prices subsequently fell by about INR 30 per 100 kg as demand became subdued after the initial surge at the start of the month.

 

Prices of the sweetener in Maharashtra were steady due to limited buying, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices will remain at the current levels for four to five days as demand fell due to heavy rains in Maharashtra, and the demand scenario will only be clear after the rain stops, Kuvadia said.

 

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

--Down INR 10-INR 15 at INR 3,915-INR 4,010 per 100 kilograms in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,915-INR 4,010 per 100 kg in central Uttar Pradesh

--Flat at INR 4,092-NR 4,182 per 100 kg in Mumbai

--Flat at INR 3,920-INR 3,980 per 100 kg in Kolhapur

 

At 1819 IST, the price of sugar on the Intercontinental Exchange was up 0.5% at 16.34 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 prediction of 663.4 million tonnes. Concern about smaller sugar supplies from Brazil is supporting global sugar prices.  End

 

US$1 = INR 86.95

 

Edited by Saji George Titus

 

 

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