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Informist, Tuesday, Nov. 25, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra Tuesday due to sluggish demand, traders said. Prices are likely to remain range-bound until the release of the December sales quota, they said.

Mills in Uttar Pradesh kept prices steady Tuesday, after raising rates by INR 10 per 100 kg the previous day, said Naresh Gupta, a trader from north India. There is limited demand from bulk consumers of sugar, such as ice-cream and cold-drink manufacturers, during winter, he said. 

Over the past few days, prices rose by around INR 30 per 100 kg as the Uttar Pradesh government increased the state advisory price for sugarcane by INR 30 per 100 kg for the 2025-26 crushing season. Mills had also raised prices because market sentiment turned positive after the Centre said it would 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. Traders in the resale market are not stocking up sugar and buying on a day-to-day basis, Gupta said. 

In Maharashtra, prices of sugar remained steady due to sluggish demand, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. He said prices will fluctuate only after the release of the December sales quota. 

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

--Flat at INR 3,850-INR 3,970 per 100 kg in western Uttar Pradesh

--Flat at INR 3,870-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 1958 IST, the price of sugar on the Intercontinental Exchange was up 0.5% at 14.89 cents per pound. Prices rose despite expectations of a higher global sugar supply in 2025-26.  End

US$1 = INR 89.22

Edited by Saji George Titus

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