India Sugar
Up in north on improved demand ahead of festivals; ICE rates dn
This story was originally published at 19:15 IST on 18 September 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar rose in the key markets of Uttar Pradesh due to higher demand and lower stocks with mills, said traders. Mills in Maharashtra kept prices steady due to need-based demand, they said.
Mills in Uttar Pradesh raised prices by INR 40-INR 50 per 100 kg as demand improved ahead of festivals, said Naresh Gupta, a trader from north India. Stocks of sugar with mills are being exhausted, which also supported prices, he said. Moreover, resale markets in the state have also exhausted stocks in the pipeline, he added.
Prices of the sweetener in Maharashtra were steady as mills are waiting for some retail sales at current price levels, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Demand for festivals from bulk consumers of sugar such as confectioneries will pick up only from Sept. 25 due to the Navratri festival, Kuvadia said.
Following are the highlights of sugar prices in the domestic market:
--Up INR 40-INR 50 at INR 3,920-INR 4,050 per 100 kg in western Uttar Pradesh
--Up INR 40-INR 50 at INR 3,940-INR 4,060 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 1847 IST, sugar prices on the Intercontinental Exchange were down 1.4% at 15.33 cents per pound, tracking fall in crude oil prices on the NYMEX. Lower crude oil prices discourage diversion of sucrose for ethanol production, increasing the availability of sugar. End
US$1 = INR 88.13
Edited by Avishek Dutta
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