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Informist, Monday, Sept. 8, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh rose significantly on Monday as demand increased on account of festivals at the end of the month, said traders. In Maharashtra, prices were steady due to lack of fresh cues, they said.

Mills in Uttar Pradesh raised prices by INR 50-INR 60 per 100 kg as there was good demand ahead of the festival season, said Naresh Gupta, a trader from north India. Moreover, prices had fallen by about INR 40-INR 50 per 100 kg after the release of the sales quota, hence, there was demand at lower rates, he said. 

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.

Mills in Maharashtra kept prices steady due to lack of fresh cues, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. In Maharashtra, demand for festivals is likely to start around Sept. 25, Kuvadia said.

--Up INR 50-INR 60 at INR 3,900-INR 4,020 per 100 kg in western Uttar Pradesh

--Up INR 50-INR 60 at INR 3,900-INR 4,020 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 2021 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 15.42 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 88.26

Edited by Deepshikha Bhardwaj

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