India Sugar
Up in north on festival demand, low stocks with mills
This story was originally published at 20:40 IST on 22 September 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh rose as demand was good due to the Navaratri festival, and as mills have almost exhausted their stocks, said traders. In Maharashtra, prices were steady due to lack of fresh cues, they said.
Mills in Uttar Pradesh raised prices by INR 10-INR 15 per 100 kg due to firm festival demand, said Naresh Gupta, a trader from north India. There was demand for good quality sweetener, he said. Moreover, mills have sold most of their stocks and are not in a hurry to meet the sales quota, 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 confectioners 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 10-INR 15 at INR 3,940-INR 4,060 per 100 kg in western Uttar Pradesh
--Up INR 10-INR 15 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 2023 IST, sugar prices on the Intercontinental Exchange were down 0.5% at 15.38 cents per pound, tracking losses in crude oil on the NYMEX. Lower crude oil prices discourage diversion of sucrose for ethanol production, increasing the availability of sugar. End
US$1 = INR 88.31
Edited by Avishek Dutta
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