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Informist, Wednesday, Oct. 29, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh and Maharashtra were steady on Wednesday, said traders. Mills are not raising prices as they want to sell the quota for October before the month ends, 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 northern India. Moreover, due to subdued demand from bulk consumers of sugar at the moment, traders are buying on a day-to-day basis instead of keeping stocks in the pipeline, he said.

 

Despite a lower sales quota for November, prices are likely to remain subdued due to little demand from bulk consumers such as confectioners as no major festivals are lied up next month, Gupta said. Moreover, there would be little demand from ice-cream and cold-drink manufacturers with the onset of the winter in November, he said.

 

The government has set the domestic sugar sales quota for November at 2 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.

 

Prices of the sweetener were steady in Maharashtra as well, as demand did not pick up, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to remain at current levels due to poor demand, he added.

 

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 1507 IST, the price of sugar on the Intercontinental Exchange was steady at 14.37 cents per pound.  End

 

US$1 = INR 88.20

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Nishant Maher

 

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