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Informist, Monday, Nov. 10, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar were steady in Uttar Pradesh due to poor demand and availability of alternatives such as khandsari and jaggery, traders said. Mills in Maharashtra kept prices steady, after cutting prices the previous day.

 

Mills in Uttar Pradesh kept prices steady due to poor demand, said Naresh Gupta, a trader in north India. Due to availability of alternatives such as khandsari and jaggery, demand for sugar is low, he said. Moreover, given the limited demand from bulk consumers of sugar such as ice-cream, cold-drink manufacturers, and confectioners, 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 turns cooler in many parts of northern India, he said. However, Gupta expects prices to rise by the end of the month when weddings take place on a large scale in northern India.

 

Prices of the sweetener in Maharashtra were steady, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Mills in Maharashtra had cut prices on Friday by INR 10 per 100 kg as demand was poor amid higher availability, Kuvadia said. As sugarcane crushing is underway in full swing, there is ample sugar available in the market, he 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 3,962-INR 4,072 per 100 kg in Mumbai

--Flat at INR 3,800-INR 3,830 per 100 kg in Kolhapur

 

At 1601 IST, prices of sugar on the Intercontinental Exchange were up 1.6% at 14.32 cents per pound, tracking a rise in crude oil prices on the NYMEX. Rise in crude oil prices results in higher diversion of sucrose for ethanol production, reducing the availability of sugar.  End

 

US$1 = INR 88.69

 

Edited by Ashish Shirke

 

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