India Sugar
Steady in north as prices already down; ICE prices up
This story was originally published at 19:07 IST on 23 October 2025
Register to read our real-time news.Informist, Thursday, Oct. 23, 2025
By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh were steady as mills had already cut prices significantly this month, said traders. Prices in Maharashtra were unavailable as markets were shut, they said.
Mills in Uttar Pradesh kept prices steady after cutting rates by a total of INR 190-INR 200 per 100 kg this month due to subdued demand, said Naresh Gupta, a trader from north India. In the last week of September, sugar prices had risen INR 70-INR 80 per 100 kg in anticipation of higher demand in October. However, the sales quota of 2.40 million tonnes set for October, up 2% from September's quota of 2.35 million tonnes, was seen to be more than sufficient. Hence, prices have dropped sharply. During the last week of October, prices are likely to continue the downtrend as mills will be in a hurry to meet the sales quota, Gupta said.
Prices of the sweetener in key markets of Maharashtra were unavailable on Thursday as they were shut, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices are likely to continue the downtrend this month, he added.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,870-INR 4,000 per 100 kg in western Uttar Pradesh
--Flat at INR 3,890-INR 4,010 per 100 kg in central Uttar Pradesh
At 1848 IST, the price of sugar on the Intercontinental Exchange was up 1% at 15.25 cents per pound, tracking gains in crude oil on NYMEX. A rise in crude oil prices results in higher diversion of sucrose for ethanol production, decreasing the availability of sugar. End
US$1 = INR 87.84
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
