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Informist, Monday, Dec. 1, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady due to sluggish demand, said traders. Prices in Maharashtra are likely to decrease due to allocation of a higher sales quota for December but prices in Uttar Pradesh are likely to stay range-bound as the quota was lower than the last month, they said.

Mills in Uttar Pradesh kept prices steady due to sluggish demand, said Naresh Gupta, a trader from north India. However, prices will stay range-bound despite lower demand as the sales quota allocated to the state for December was much lower than the previous month, said Gupta. The sales quota allocated by the government for Uttar Pradesh in December is nearly 11% down on month at 656,591 tonnes.

Demand is however, unlikely to pick up as consumption of ice-cream and cold-drink is low during the winter season. Prices in the state's resale market fell by INR 15-INR 20 per 100 kg as traders are not buying in bulk but on a day-to-day basis, Gupta said.

In Maharashtra, the 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 2045 IST, the price of sugar on the Intercontinental Exchange was down nearly 1% at 15.07 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 45.0 million tonnes from 44.5 million tonnes earlier.  End

US$1 = INR 89.54

Edited by Akul Nishant Akhoury

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