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Informist, Monday, Oct. 6, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh rose slightly while those in Maharashtra were steady, said traders. There was no demand at higher rates in Uttar Pradesh, they added.

 

Mills in Uttar Pradesh raised prices by INR 5 per 100 kg but there was hardly any demand at those levels, said Naresh Gupta, a trader from north India. Prices are likely to remain at this level until demand picks up for Diwali, he said. In the resale markets of Uttar Pradesh, prices fell INR 10-INR 15 per 100 kg because of poor demand, said Gupta.

 

Demand for sugar in sluggish and the sales quota allocated for the month is more than sufficient, said traders. 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, prices of the sweetener were steady Monday, said Bombay Sugar Merchants Association Secretary Mukesh Kuvadia. "For the time being, prices will stay steady as Diwali demand is yet to pick up. After Oct. 15, prices may rise INR 10-INR 15 depending on demand," he added. 

 

The following are the highlights of sugar prices in the domestic market:

 

--Up INR 5 at INR 3,970-INR 4,140 per 100 kg in western Uttar Pradesh

--Up INR 5 at INR 3,970-INR 4,140 per 100 kg in central Uttar Pradesh

--Flat at INR 4,062-INR 4,132 per 100 kg in Mumbai

--Flat at INR 3,980-INR 3,990 per 100 kg in Kolhapur

 

At 1725 IST, the price of sugar on the Intercontinental Exchange was up 1.3% at 16.69 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.  End

 

US$1 = INR 88.78

Edited by Rajeev Pai

 

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