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Informist, Tuesday, Aug. 26, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra as demand remained subdued at current prices, traders said. Prices are likely to remain at the current levels until the release of the sales quota for September, they said.

Mills in Uttar Pradesh kept prices steady after cutting rates by INR 20-INR 25 per 100 kilograms the previous day, said Naresh Gupta, a trader from north India. One or two mills that had kept prices steady the previous day cut prices by INR 10 per 100 kg on Tuesday, but it did not have any impact on the average price, Gupta said. 

Traders expect the government 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. The government had set the domestic sugar sales quota for August at 2.25 million tonnes, up 2% from 2.20 million tonnes each a year and month ago. Though sugar prices rose INR 90-INR 100 per 100 kg after the sales quota was announced, they have since fallen by 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:

--Flat at INR 3,870-INR 3,980 per 100 kg in western Uttar Pradesh

--Flat 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 1841 IST, the price of sugar on the Intercontinental Exchange was down 0.1% at 16.38 cents per pound, tracking losses in crude oil prices on NYMEX. Lower crude oil prices discourage diversion of sucrose for ethanol production, thus increasing sugar production.  End

US$1 = INR 87.68

Edited by Saji George Titus

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