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Informist, Thursday, Nov. 27, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra Thursday due to sluggish demand, said traders. Prices are likely to fall in the coming days as the sales quota for December is higher than market expectations and demand for the sweetener is weak, they said.

Mills in Uttar Pradesh kept prices steady, but are likely to reduce the prices in the coming days, said Naresh Gupta, a trader from north India. In the resale market, prices were down by INR 15-INR 20 per 100 kg as the government has allocated a higher sales quota for December, said Gupta.

The government has set the domestic sugar sales quota for December at 2.2 million tonnes, the Department of Food and Public Distribution said in a post on social media platform X. The quota for next month is 10% higher than 2.0 million tonnes in November and unchanged from December last year.

The government's sales quota for December is higher than the market's expectation of 2.0 million tonnes to 2.15 million tonnes. Market participants had expected the quota to be unchanged with a slight upward bias from the previous month, even though demand is expected to be weak and availability ample as the sugarcane crushing season is underway in full swing. Demand for sugar from bulk buyers is likely to remain subdued, traders said.

Prices of sugar in Maharashtra were steady for the same reason and will fall in the coming days, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Demand is unlikely to pick up even in December, he 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 1930 IST, the price of sugar on the Intercontinental Exchange was unavailable as the market was shut on account of Thanksgiving Day.  End

US$1 = INR 89.30

Edited by Ashish Shirke

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