India Sugar
Steady in key mkts; ICE prices up tracking gains in crude oil
This story was originally published at 20:20 IST on 13 November 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh and Maharashtra were steady Thursday, traders said. The prices are likely to move downwards for a couple of weeks as demand is unlikely to pick up, they said.
Mills in Uttar Pradesh kept prices steady after cutting rates by INR 60-INR 70 per 100 kg Wednesday. However, demand continued to be sluggish, Naresh Gupta, a trader from north India, said.
Crushing of sugarcane is now on in full swing, but demand is limited and traders in resale markets are not stocking up on sugar, preferring to buy on a day-to-day basis, Gupta said. He, however, expects sugar prices to start rising by the end of the month when the wedding season will be in full swing in the north.
Though the government has allowed the export of 1.5 million tonnes of sugar in the financial year 2025-26 (Apr-Mar), that is unlikely to have an impact on domestic prices as the Centre sets monthly sales quota to keep prices in check, Gupta added.
Prices of the sweetener in Maharashtra were steady amid weak demad, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. He expects prices to remain rangebound throughout the month.
Following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,850-INR 3,985 per 100 kg in western Uttar Pradesh
--Flat at INR 3,875-INR 3,940 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 1547 IST, the price of sugar on the Intercontinental Exchange was up nearly 1% at 14.53 cents per pound, tracking a rise in crude oil prices on NYMEX. A rise in crude oil prices results in increased diversion of sucrose for ethanol production, reducing the availability of sugar. End
US$1 = INR 88.66
Edited by Rajeev Pai
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