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Informist, Wednesday, Dec. 3, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in key markets of Uttar Pradesh and Maharashtra due to limited demand from bulk consumers of sugar, traders said. Prices in Uttar Pradesh are likely to remain rangebound, while in Maharashtra, they may fall in the coming days, they said.

Mills in Uttar Pradesh kept prices steady as demand did not improve, Naresh Gupta, a trader from north India, said. Prices will remain rangebound despite lower demand, as the state's December sales quota is much lower than in the previous month, Gupta said. The sales quota allocated to Uttar Pradesh for December, at 656,591 tonnes, is nearly 11% lower than a month ago

Mills in Maharashtra also kept prices steady on Wednesday after cutting rates by INR 10-INR 15 per 100 kg the previous day, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are unlikely to increase, as demand is weak amid higher availability, he said.

Moreover, the crushing season is underway, so traders are also not keeping stocks in the pipeline, and there will be no shortage throughout the month, Kuvadia said. Demand is unlikely to increase, as ice cream and cold drink consumption is low during the winter season.

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  per 100 kg in Kolhapur

At 2041 IST, the price of sugar on the Intercontinental Exchange rose 0.3% to 15.07 cents per pound, tracking a rise in NYMEX crude oil prices. A rise in crude oil prices leads to greater diversion of sucrose for ethanol production, reducing sugar availability.  End

US$1 = INR 90.19

Edited by Saji George Titus

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