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Informist, Tuesday, Oct. 28, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh and Maharashtra were steady Tuesday despite the lower sales quota set by the government for November as demand has not picked up, traders said. Moreover, mills are still trying to meet their sales quota for October, they said.

Mills in Uttar Pradesh kept prices steady as they wanted to offload their stocks and meet the sales quota for October, said Naresh Gupta, a trader from north India. "Mills are left with ample stock and are unlikely to meet the monthly sales quota this time," Gupta said. Traders also are buying on a day-to-day basis instead of keeping stocks in the pipeline as there is no demand from bulk consumers of sugar at the moment, he said.

Despite the lower sales quota for November, prices are likely to remain subdued as there is likely to be little demand from bulk consumers of sugar such as confectioners as there are no major festivals next month, Gupta said. Moreover, the temperature starts to cool in Novemner so there will be little demand from ice-cream and cold-drink manufacturers, he said.

The government has set the domestic sugar sales quota for November at 2.0 million tonnes, the Department of Food and Public Distribution said in a post on social media platform X. The quota for next month is 16.7% lower than October's quota of 2.4 million tonnes and down slightly over 9% from 2.2 million tonnes in November last year.

In Maharashtra, prices of the sweetener were steady as demand did not pick up, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices had risen INR 25 per 100 kg Friday in anticipation of an increase in demand at the start of next month. However, prices are now likely to fall back to the earlier level, Kuvadia said. 

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

--Flat at INR 3,850-INR 4,010 per 100 kg in western Uttar Pradesh

--Flat at INR 3,870-INR 4,010 per 100 kg in central Uttar Pradesh

--Flat at INR 4,075-INR 4,137 per 100 kg in Mumbai

--Flat at INR 3,925-INR 3,940 per 100 kg in Kolhapur

At 1909 IST, the price of sugar on the Intercontinental Exchange was down 0.4% at 14.41 cents per pound, tracking losses in crude oil on NYMEX. A fall in crude oil prices results in lower diversion of sucrose for ethanol production, thus increasing the availability of sugar.  End

US$1 = INR 88.26

Edited by Rajeev Pai

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