India Sugar
Down in north India on muted demand; ICE rates up
This story was originally published at 18:43 IST on 15 September 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar fell in the key markets of Uttar Pradesh Monday on muted demand, traders said. However, mills in Maharashtra kept prices steady, they said.
Mills in Uttar Pradesh cut prices by INR 10 per 100 kilograms as demand failed to pick up, Naresh Gupta, a trader from north India, said. Prices, in the resale market, were, however, steady, he said.
After the release of the sales quota for September, prices had fallen by about INR 40-INR 50 per 100 kg. 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. The quota for September was higher than market expectations of 2.2-2.3 million tonnes.
In Maharashtra, sweetener prices were steady due to sluggish demand, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. There is little demand at the moment, and it is expected to improve from Sept. 25 due to the Navaratri festival, Kuvadia said.
--Down INR 10 at INR 3,890-INR 4,010 per 100 kg in western Uttar Pradesh
--Down INR 10 at INR 3,890-INR 4,010 per 100 kg in central Uttar Pradesh
--Flat at INR 4,050-INR 4,172 per 100 kg in Mumbai
--Flat at INR 3,900-INR 3,960 per 100 kg in Kolhapur
At 1808 IST, sugar prices on the Intercontinental Exchange were up nearly 1% at 15.91 cents per pound, tracking gains in crude oil prices on the NYMEX. Higher crude oil prices encourage diversion of sucrose for ethanol production, decreasing the availability of sugar. End
US$1 = INR 88.21
Edited by Saji George Titus
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