India Sugar
Down in north as demand sluggish at current prices
This story was originally published at 19:03 IST on 20 August 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell on Wednesday due to sluggish demand, said traders. Mills in Maharashtra kept prices steady as demand did not pick up, they said.
Mills in Uttar Pradesh cut prices by INR 15-INR 20 per 100 kg due to sluggish demand, said Naresh Gupta, a trader from north India. There is no demand at existing price levels, he said. Although there are festivals ahead, demand is not enough to lift 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 50 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 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 3,910-INR 4,015 per 100 kilograms in western Uttar Pradesh
--Down INR 10-INR 15 at INR 3,920-INR 4,025 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 1848 IST, the price of sugar on the Intercontinental Exchange was up nearly 2% at 16.63 cents per pound, tracking gains in crude oil prices on NYMEX. Higher crude oil prices encourage diversion of sucrose for ethanol production, reducing sugar production. End
US$1 = INR 87.07
Edited by Avishek Dutta
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