India Sugar
Steady in key markets; ICE down on robust global supply outlook
This story was originally published at 20:22 IST on 28 November 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra on Friday, said traders. Sugar prices in Maharashtra are likely to fall due to the allocation of a higher sales quota for the state in December, they said.
Mills in Uttar Pradesh kept prices steady and refrained from cutting rates as market sentiment turned positive following a lower allocation of sales quota for the state in December. The sales quota allocated by the government for Uttar Pradesh in December is nearly 11% down on month at 656,591 tonnes. "Mills could increase prices in the coming days," Gupta said.
However, prices in the state's resale market fell by INR 15-INR 20 per 100 kg as demand from bulk sugar consumers, such as ice-cream and cold-drink manufacturers, was low, Gupta said.
In Maharashtra, sweetener prices were steady on Friday but are likely to fall due to allocation of a higher sales quota, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Demand is unlikely to pick up even in December, he said. The Centre has allocated a sales quota of 763,058 tonnes for the state in December, up over 30% from the previous month.
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 1950 IST, the price of sugar on the Intercontinental Exchange was down 0.1% at 15.12 cents per pound as a robust global sugar supply outlook weighed on prices. Conab, Brazil's crop forecasting agency, on Nov 4 raised Brazil's 2025-26 sugar production estimate to 45 million tonnes from 44.5 million tonnes earlier. End
US$1 = INR 89.45
Edited by Saji George Titus
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