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Informist, Friday, Sept. 5, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh rose Friday as demand improved at lower prices, said traders. Mills in Maharashtra cut prices, however, on sluggish demand, they said.

Mills in Uttar Pradesh raised prices by INR 10-INR 15 per 100 kg as demand rose after mills cut prices by a cumulative INR 50-INR 60 per 100 kg over the past few days, said Naresh Gupta, a trader from north India. Demand was poor these past few days as resellers desisted from placing orders before exhausting available stock, fearing that stocks in the order pipeline could get damaged by rain, Gupta said.

Sugar prices fell after the release of the sales quota for September. The quota was higher than market expectations of 2.2-2.3 million tonnes. The government has set 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 in August.

Mills in Maharashtra cut prices by INR 5 per 100 kg as demand continued to be sluggish, 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. Festival-driven demand is likely to pick up around Sept. 25, Kuvadia said.

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

--Up INR 10-INR 15 at INR 3,860-INR 3,975 per 100 kg in western Uttar Pradesh

--Up INR 10-INR 15 at INR 3,870-INR 3,995 per 100 kg in central Uttar Pradesh

--Down INR 5 at INR 4,077-INR 4,157 per 100 kg in Mumbai

--Down INR 5 at INR 3,905-INR 3,965 per 100 kg in Kolhapur

At 1918 IST, sugar prices on the Intercontinental Exchange were down 0.6% at 15.60 cents per pound, tracking losses in crude oil prices on NYMEX. Lower crude oil prices discourage diversion of sucrose for ethanol production, thus increasing availability of sugar.  End

US$1 = INR 88.26

Edited by Rajeev Pai

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