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Informist, Wednesday, Nov. 26, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar continued to be steady Wednesday in key markets in leading producer states Uttar Pradesh and Maharashtra as demand was limited, traders said. Prices are likely to remain range-bound even during December, they said.

Mills in Uttar Pradesh kept prices steady but demand did not improve at the existing price levels, said Naresh Gupta, a trader from north India. Demand from bulk consumers of sugar, such as ice-cream and cold-drink manufacturers, is limited during this season, he said.

The government of Uttar Pradesh has increased the state advisory price for sugarcane by INR 30 per 100 kg for the 2025-26 crushing season. As a result, prices of sugar had also risen by INR 30 per 100 kg in the past few days. Mills had also raised prices because market sentiment had turned positive after the Centre said it would consider raising the minimum selling price for sugarcane.

However, Gupta expects sugar prices to be range-bound as the hike in minimum selling price has only 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," he explained. Traders in the resale market are not stocking sugar and continue to buy the commodity on a day-to-day basis, Gupta said. This is because they do not see demand picking up.

Prices of sugar in Maharashtra were steady for the same reason, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Demand is unlikely to pick up even in December, he, too, said.

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 2041 IST, the price of sugar on the Intercontinental Exchange was up 0.2% at 15.12 cents per pound, tracking a rise in crude oil prices on NYMEX. Rise in crude oil prices results in increased diversion of sucrose for ethanol production, reducing the availability of sugar.  End

US$1 = INR 89.27

Edited by Rajeev Pai

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