More Stories

Informist, Friday, Nov. 21, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Friday due to sluggish demand, said traders. In Uttar Pradesh, demand slowed down at elevated prices, they said.

 

Mills in Uttar Pradesh kept prices steady after raising them the previous day, said Naresh Gupta, a trader from north India. Mills in the state had increased prices by INR 30 per 100 kg during the past few days as the state government increased the state advisory price for sugarcane by INR 30 per 100 kg for the 2025-26 crushing season. However, prices could not sustain at those levels as demand slowed down, Gupta said.

 

In the previous few days, prices had also risen as the market sentiment was positive after the government said that it is going to hike the minimum selling price for sugarcane. Gupta expects prices to be rangebound 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.

 

Sweetener prices 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:

--Flat at INR 3,840-INR 3,970 per 100 kg in western Uttar Pradesh

--Flat 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 1939 IST, the price of sugar on the Intercontinental Exchange was up 0.3% at 14.71 cents per pound. Prices rose despite anticipation of higher sugar supply globally in 2025-26.  End

 

US$1 = INR 89.48

 

Edited by Deepshikha Bhardwaj

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.