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Informist, Friday, Nov. 14, 2025

 

By Afra Abubacker

 

NEW DELHI – Ex-mill prices of sugar fell Friday in key markets of Uttar Pradesh due to selling pressure and weak demand. However, prices remained largely steady in Maharashtra, traders said. 

 

In Uttar Pradesh, mills cut prices by INR 10-INR 15 per 100 kg due to selling pressure and sluggish demand, Naresh Gupta, a trader from north India, said. "Demand is poor and selling pressure is high. Consumption demand for other sweeteners has increased, weighing on sugar prices," he said. 

 

In Maharashtra, sugar prices were largely steady, but the sentiments were weak due to sluggish demand and high supply, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. 

 

Sugarcane crushing is progressing, but traders in the resale market are avoiding bulk purchases. Amid limited purchases, Gupta expects sugar prices to start rising only during the peak wedding season at month end. 

 

Although the government has allowed mills to export 1.5 million tonnes by September end, it is unlikely to have an impact on domestic prices amid estimates of good sugar availability. India's sugar production is likely to increase 18.4% on year to 30.9 million tonnes in 2025-26, according to the Indian Sugar & Bio-Energy Manufacturers Association. Last year, the country produced 26.1 million tonnes of sugar. The country needs around 28.5 million tonnes to meet domestic consumption needs. 

 

Following are the highlights of sugar prices in the domestic market:

--Down INR 10-INR 15 at INR 3,840-INR 3,970 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,860-INR 3,925 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 1947 IST, the price of sugar on the Intercontinental Exchange was up 2.5% at 14.80 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 88.74

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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