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Informist, Friday, Oct. 31, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra were steady for the fourth consecutive day, traders said. Mills across the country were in a hurry to meet the October sales quota as it is the last day of the month. Prices are likely to remain at same levels in November due to subdued demand, they added.

Mills in Uttar Pradesh kept prices steady as there was limited demand and also as mills were in a hurry to offload the October sales quota by Friday, said Naresh Gupta, a trader from north India. Mills in the state held back from cutting rates further despite poor demand, as they had already reduced prices by around INR 190 per 100 kg earlier in October. 

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 were also steady 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 2030 IST, the price of sugar on the Intercontinental Exchange rose 0.1% to 14.30 cents per pound, tracking gains in crude oil on NYMEX. An increase in crude oil prices results in higher diversion of sucrose for ethanol production, thus decreasing the availability of sugar.  End

US$1 = INR 88.76

Edited by Deepshikha Bhardwaj

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