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Informist, Tuesday, Oct. 7, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra Tuesday due to sluggish demand, traders said. Prices are likely to remain at this level until demand picks up ahead of Diwali, they said.

 

Mills in Uttar Pradesh kept prices steady after raising prices by INR 5 per 100 kilograms Monday, Naresh Gupta, a trader from north India, said. There was no demand at increased rates, he said. In the resale market of Uttar Pradesh, prices fell by INR 10 to INR 15 per 100 kg due to poor demand, said Gupta.

 

Demand for sugar is subdued and the sales quota allocated for the month is more than sufficient, traders 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, but nearly 6% lower than 2.55 million tonnes a year ago. "No large price movement is expected. (Sales) Quota is sufficient," said Gupta.

 

Sweetener prices in Maharashtra were also steady on Tuesday due to a lack of demand amid ample supply, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. "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:

 

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

--Flat 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 1907 IST, the price of sugar on the Intercontinental Exchange was down nearly 2% at 16.52 cents per pound, tracking losses in crude oil prices. Lower crude oil prices result in lower diversion of sucrose for ethanol production, thereby increasing the availability of sugar.  End

 

US$1 = INR 88.77

 

Edited by Saji George Titus

 

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