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Informist, Thursday, Oct. 30, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra were steady for the third consecutive day due to sluggish demand, traders said. Mills also want to meet their sales quota for October by Friday, so they did not increase rates, they said.

Mills in Uttar Pradesh kept prices steady as the end of the month is near and there is little demand for the sweetener from households, said Naresh Gupta, a trader from north India. Moreover, mills want to offload their stocks and meet their sales quota for the month, so they held prices steady, he said. Also, because demand from bulk consumers of sugar is subdued at the moment, traders are buying only on a day-to-day basis instead of keeping stocks in the pipeline, he said.

Prices are likely to be subdued in November as well, despite a lower sales quota set by the government, as there is likely to be little demand from bulk consumers such as confectioners with no major festivals lined up, Gupta said. Demand from ice-cream and cold-drink manufacturers will also be low with the onset of the winter, 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.

Sugar prices in Maharashtra also were steady Thursday, as demand did not pick up, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to remain at the current levels because of 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 1737 IST, the price of sugar on the Intercontinental Exchange was down 1.3% at 14.23 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 88.69

Edited by Rajeev Pai

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