India Sugar
Steady in key markets; ICE prices up tracking crude oil on NYMEX
This story was originally published at 20:09 IST on 9 September 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Tuesday, said traders. There was lower demand at elevated prices, they added.
Mills in Uttar Pradesh kept prices steady after raising these by INR 50-INR 60 per 100 kg the previous day, said Naresh Gupta, a trader from north India. There was little demand at elevated price level, Gupta said.
After the release of the sales quota, prices had fallen by about INR 40-INR 50 per 100 kg. 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.
--Flat at INR 3,900-INR 4,020 per 100 kg in western Uttar Pradesh
--Flat 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 1939 IST, sugar prices on the Intercontinental Exchange were up nearly 1% at 15.78 cents per pound, tracking gains in crude oil prices on NYMEX. Higher crude oil prices encourage diversion of sucrose for ethanol production, thus decreasing the availability of sugar. End
US$1 = INR 88.10
Edited by Deepshikha Bhardwaj
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