India Sugar
Slightly up in north; prices to remain range-bound
This story was originally published at 20:39 IST on 3 October 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar rose slightly in Uttar Pradesh but were steady in Maharashtra, said traders. Prices are likely to remain range-bound the next two weeks and then rise ahead of Diwali, they said.
Mills in Uttar Pradesh raised prices by INR 5 per 100 kg, but there was no demand at higher price levels, said Naresh Gupta, a trader from north India. Prices are likely to remain at the current levels, until demand picks up for Diwali, he said.
According to traders, the sales quota for October is seen to be sufficient to meet festival demand. 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 but nearly 6% lower than 2.55 million tonnes a year ago. "No large price movement is expected. (Sales) quota is sufficient," said Gupta.
In Maharashtra, sweetener's prices were steady again on Thursday, said Bombay Sugar Merchants Association Secretary Mukesh Kuvadia. "For the time being, prices will stay steady. After Oct. 10, prices may rise INR 10-INR 15 depending on demand", he added.
Tuesday, the Maharashtra government approved the start of sugarcane crushing for 2025-26 from Nov. 1, according to a post by Chief Minister Devendra Fadnavis on social media platform X. Mills typically start sugarcane-crushing operations after Diwali, when harvesting labourers get back to work after celebrations.
The following are the highlights of sugar prices in the domestic market:
--Up INR 5 at INR 3,965-INR 4,135 per 100 kg in western Uttar Pradesh
--Up INR 5 at INR 3,965-INR 4,135 per 100 kg in central Uttar Pradesh
--Flat at INR 4,062-INR 4,144 per 100 kg in Mumbai
--Flat at INR 3,900-INR 4,060 per 100 kg in Kolhapur
At 2007 IST, sugar prices on the Intercontinental Exchange were up 0.5% at 16.48 cents per pound, tracking gains in crude oil prices. Higher crude oil prices result in higher diversion of sucrose for ethanol production, thereby decreasing the availability of sugar and which supports prices of the sweetener. End
US$1 = INR 88.77
Edited by Deepshikha Bhardwaj
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