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Informist, Monday, Aug. 25, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar continued to fall in Uttar Pradesh due to sluggish demand, traders said. Mills in Maharashtra, however, kept prices steady as demand was weak at the existing price levels, they said.

 

Mills across Uttar Pradesh cut prices by INR 20-INR 25 per 100 kilograms as demand remained sluggish even after they cut prices on the previous days, Naresh Gupta, a trader from north India, said. Mills are in a hurry to meet the sales quota for August before the month ends, which is why they are cutting prices, Gupta said. 

 

The government is likely to extend the time to meet the sales quota for August as demand has slowed down in the latter half of the month due to heavy rainfall across the country, traders said. 

 

The government had set the domestic sugar sales quota for August at 2.25 million tonnes, over 2% higher than 2.20 million tonnes each a year and month ago. Sugar prices rose about INR 90-INR 100 per 100 kg after the August sales quota was announced, but have since fallen about INR 70 per 100 kg as demand has been subdued after the surge seen at the start of the month.

 

In Maharashtra, sugar prices were steady, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices will remain at the current levels for the next few days until the release of the sales quota for September, Kuvadia said. 

 

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

--Down INR 20-INR 25 at INR 3,870-INR 3,990 per 100 kg in western Uttar Pradesh

--Down INR 20-INR 25 at INR 3,870-INR 3,990 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 1824 IST, the price of sugar on the Intercontinental Exchange was down nearly 1% at 16.33 cents per pound. India may allow mills to export sugar in the next season, which starts in October, as abundant monsoon rains may result in a bumper sugarcane crop, market participants said.  End

 

US$1 = INR 87.58

 

Edited by Saji George Titus

 

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