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Informist, Thursday, Sept. 4, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar fell in Uttar Pradesh on Thursday for the third consecutive day due to sluggish demand, traders said. Mills in Maharashtra kept prices steady, they said.

Mills in Uttar Pradesh cut prices by INR 10-INR 15 per 100 kilograms due to sluggish demand caused by heavy rainfall, Naresh Gupta, a trader from north India, said. Sugar stocks get damaged during rainfall, which is why traders avoid keeping pipeline stocks, he said. Moreover, there is no festival demand at the moment and will start only in the last week of the month, he said.

Sugar prices have fallen by about INR 40-INR 50 per 100 kg after the release of the sales quota. The quota for September was higher than market expectations of 2.2-2.3 million tonnes. The government has set the domestic sugar sales quota for September at 2.35 million tonnes, unchanged from a year ago but over 4% more than 2.25 million tonnes in August.

The sales quota for September is more than sufficient to meet demand, and resellers are in no hurry to stock up, Gupta said.

Mills in Maharashtra kept prices steady on Thursday after cutting rates by INR 10 per 100 kg the previous day, 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. Demand for festivals is likely to start around Sept. 25, Kuvadia said.

Following are the highlights of sugar prices in the domestic market:

--Down INR 10-INR 15 at INR 3,850-INR 3,960 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,860-INR 3,985 per 100 kg in central Uttar Pradesh

--Flat at INR 4,082-INR 4,162 per 100 kg in Mumbai

--Flat at INR 3,910-INR 3,980 per 100 kg in Kolhapur

At 1756 IST, sugar prices on the Intercontinental Exchange were down 1% at 15.87 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 availability.  End

US$1 = INR 88.15

Edited by Saji George Titus

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