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Informist, Tuesday, Nov. 18, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar remained lower in Uttar Pradesh Tuesday even as demand picked up slightly in the northern state at lower price levels, said traders. Prices of the sweetener were steady in Maharashtra, they said.

Some mills across Uttar Pradesh cut prices by INR 10-INR 15 per 100 kg, said Naresh Gupta, a trader from north India. "(Meanwhile) market sentiment was slightly positive as the government said that it might revise the minimum selling price for sugar this year," Gupta added.

However, Gupta expects the downtrend in prices to continue as the hike in minimum selling price has only a notional impact. "Even if the minimum selling price is revised, it will not have any such impact on prices as the government keeps domestic prices in check by releasing monthly sales quotas," Gupta said.

At present, prices are likely to be either rangebound or on a downtrend as crushing of sugarcane is in full swing but demand for sugar is limited. Traders in the resale market are not stocking up sugar and buying on a day-to-day basis, Gupta said. Demand from ice-cream and cold-drink manufacturers has also fallen due to cooler weather in many parts of northern India, Gupta said.

Prices of the sweetener in Maharashtra were steady due to weak demand, 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:

--Down INR 10-INR 15 at INR 3,830-INR 3,970 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,850-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 1953 IST, the price of sugar on the Intercontinental Exchange was steady at 14.80 cents per pound.  End

US$1 = INR 88.60

Edited by Nishant Maher

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