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Informist, Thursday, Nov. 20, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh rose on Thursday due to high raw material prices, said traders. Mills in Maharashtra kept prices steady again due to subdued demand, they said.

Most mills in Uttar Pradesh raised prices by INR 10-INR 15 per 100 kg as the state government increased the state advisory price for sugarcane by INR 30 per 100 kg for the 2025-26 crushing season, said Naresh Gupta, a trader from north India. Tracking higher mill rates, the resale market in Uttar Pradesh also raised prices by INR 10-INR 15 per 100 kg, he said.

Market sentiment was also positive because the government said that it might revise the minimum selling price for sugar this year, Gupta added. In the past two to three days, prices have risen by INR 20-INR 30 per 100 kg from earlier levels.

However, Gupta expects prices to be range-bound 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. 

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:

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

--Up 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 2032 IST, the price of sugar on the Intercontinental Exchange was up nearly 1% at 14.79 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 88.70

Edited by Akul Nishant Akhoury

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