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Informist, Thursday, Nov. 6, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra continued to hold steady Thursday, traders said. With demand being subdued, prices are likely to remain at the current levels throughout November despite the lower sales quota set for the month, they said.

In Uttar Pradesh, prices of sugar were steady as traders in the resale markets have been holding back from stocking up on the commodity, said Naresh Gupta, a trader from north India. Given the limited demand from bulk comsumers of sugar such as confectioners and ice-cream and cold-drink manufacturers, traders are preferring to buy sugar on a day-to-day basis, he said.

"There is no festival this month, so bulk orders are limited," Gupta said. Demand from ice-cream and cold-drink manufacturers has also fallen as the weather has started getting cooler in many parts of northern India, he said.

The government has set the domestic sugar sales quota for November at 2.0 million tonnes, down 16.7% from October's quota of 2.4 million tonnes and down a little over 9% from the quota of 2.2 million tonnes a year ago. 

Prices of the sweetener in Mahrashtra were steady Thursday and are likely to be stuck in a range in the coming days as well, according to Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Amid expectations of lower demand, the government has reduced the sales quota for all major sugar-producing states. The quota for Maharashtra in November is down over 19% on month at 585,902 tonnes.

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 2024 IST, the price of sugar on the Intercontinental Exchange was up nearly 2% at 14.37 cents per pound. The International Sugar Organization has forecast a global sugar deficit of 231,000 tonnes for the 2025-26 season, marking the sixth consecutive year of deficit, which is a bullish factor for global sugar prices.  End

US$1 = INR 88.61

Edited by Rajeev Pai

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