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Informist, Wednesday, Sept. 10, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady again on Wednesday, said traders. There was limited demand at elevated price levels, they said. 

 

Mills in Uttar Pradesh kept prices steady for the second consecutive day after raising rates by INR 50-INR 60 per 100 kg on Monday, said Naresh Gupta, a trader from north India. There was limited buying at elevated prices, he said. Prices fell by INR 5-10 per 100 kg in the resale market as there was lower offtake of sweetener stocks at higher prices, 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.

 

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

 

--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 2001 IST, sugar prices on the Intercontinental Exchange were steady at 15.83 cents per pound.  End

 

US$1 = INR 88.10

 

Edited by Deepshikha Bhardwaj

 

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