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Informist, Friday, Sept. 12, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Maharashtra fell marginally Friday due to sluggish demand, said traders. Prices of the sweetener in Uttar Pradesh were steady due to need-based buying, they said. 

 

Mills in Maharashtra cut prices by INR 5 per 100 kg as demand was sluggish, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. There is little demand at the moment, and only from Sept. 25 will demand be firm due to the Navaratri festival, Kuvadia said. 

 

In Uttar Pradesh, prices were steady again due to need-based buying, said Naresh Gupta, a trader from north India. However, prices in the resales market fell by INR 10-INR 15 pet 100 kg as there was lower offtake of stocks at higher prices, Gupta said. "Demand was lower than the offering by mills," he 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.

 

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

--Down INR 5 at INR 4,050-INR 4,172 per 100 kg in Mumbai

--Down INR 5 at INR 3,900-INR 3,960 per 100 kg in Kolhapur

 

At 1943 IST, sugar prices on the Intercontinental Exchange were down 0.4% at 15.75 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 it would seek permission to export 2 million tonnes of sugar in 2025-26 (Oct-Sept). That would be a negative for global sugar prices.  End

 

US$1 = INR 88.28

 

Edited by Avishek Dutta

 

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