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Informist, Monday, Sept. 29, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra as there was muted demand, said traders. Prices are likely to remain steady and increase only when demand picks up ahead of the Diwali festival, they said.

 

Mills in Uttar Pradesh kept prices steady as there was limited demand for the Dussehra festival, said Naresh Gupta, a trader from north India. Prices are likely to increase ahead of Diwali, as demand from bulk consumers of sugar, such as confectioneries, is expected to rise during that time, he said.

 

The sugar sales quota for October is considered sufficient, which is also weighing on prices, Gupta said. The government has set the domestic sugar sales quota for October at 2.40 million tonnes, up 2% from 2.35 million tonnes in September. However, the quota is nearly 6% lower than 2.55 million tonnes in October last year.

 

Prices were steady in Maharashtra as well, due to limited buying, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Mills in the state had raised prices by INR 5 per 100 kg on Friday. 

 

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

 

--Flat at INR 3,940-INR 4,060 per 100 kg in western Uttar Pradesh

--Flat at INR 3,940-INR 4,060 per 100 kg in central Uttar Pradesh

--Flat at INR 4,055-INR 4,177 per 100 kg in Mumbai

--Flat at INR 3,905-INR 3,965 per 100 kg in Kolhapur

 

At 1545 IST, sugar prices on the Intercontinental Exchange were up 0.2% at 16.42 cents per pound. Concerns about lower availability supported global sugar prices. Last month, Conab, Brazil's government crop forecasting agency, reduced its Brazil 2025-26 production estimate by 3.1% to 44.5 million tonnes, down from a previous estimate of 45.9 million tonnes.   End

 

US$1 = INR 88.76

 

Edited by Saji George Titus

 

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