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Informist, Thursday, Aug. 28, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady, as there was limited demand at the moment, said traders. The sugar sales quota for September is sufficient, and prices are unlikely to pick up, they said. Some traders said prices could fall as the quota was higher than expectations. 

 

The government has set the domestic sugar sales quota for September at 2.35 million tonnes, 4% higher than the 2.25 million tonnes for August and the same as the quota for September last year.

 

The government's sales quota for September is above market expectations of 2.25-2.30 million tonnes. The sugar industry had expected the quota to be the same or slightly higher than August, as they expect firm demand only in the first half of the month. "Demand will improve due to the Navaratri festival, which is expected to last for only the first half of the month, as traders will buy during that period," a trader said.

 

Mills in Uttar Pradesh kept prices steady due to limited demand, Naresh Gupta, a trader from north India, said. Prices are likely to fall in the coming days owing to a higher sales quota for September, he said. 

In Maharashtra, sugar prices were steady, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. The quota for September is sufficient to meet the demand for the festival. It is neither more nor less, so prices are likely to remain steady throughout next month, 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 1813 IST, the price of sugar on the Intercontinental Exchange was steady at 16.48 cents per pound.  End

 

US$1 = INR 87.63

 

Edited by Saji George Titus

 

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