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Informist, Tuesday, Sept. 2, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar fell in key markets of Maharashtra due to subdued demand amid higher availability, said traders. Mills in Uttar Pradesh kept prices steady, they said.

Mills in Maharashtra lowered prices by INR 10 per 100 kg as demand was subdued, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. "There are not many major festivals this month, only Durga Puja is there towards September-end," he said.

Mills in Uttar Pradesh kept prices steady as demand was need-based, said Naresh Gupta, a trader from north India. Prices have fallen by INR 30-INR 40 per 100 kg since the sales quota for the month was released on Thursday, as the quota was higher than market expectations, Gupta said. The government set the domestic sugar sales quota for September at 2.35 million tonnes, unchanged from a year ago but over 4% higher than 2.25 million tonnes set for August. The sales quota for September is more than sufficient to meet demand and re-sellers are in no hurry to stock up, Gupta said.

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

--Down INR 10 at INR 4,082-INR 4,172 per 100 kg in Mumbai

--Down INR 10 at INR 3,910-INR 3,970 per 100 kg in Kolhapur

At 1946 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 16.22 cents per pound. The Indian government may allow domestic mills to export sugar in the next season, which starts in October, as above-normal rainfall has raised expectations of a bumper sugarcane crop. The Indian Sugar and Bio-energy Manufacturers Association recently said that it will seek permission to export 2 million tonnes of sugar in 2025-26 (Oct-Sept). This would be a negative for global sugar prices.  End

US$1 = INR 88.15

Edited by Ashish Shirke

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