More Stories

Informist, Friday, Dec. 5, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar fell in key markets of Uttar Pradesh Friday as demand did not pick up even after cutting rates Thursday, said traders. Mills in Maharashtra kept prices steady due to subdued demand, they said. Sweetener prices are expected to fall further as demand is unlikely to pick up during this month, they said.

Mills in Uttar Pradesh cut prices by INR 10-INR 15 per 100 kilograms as demand did not increase even after cutting prices the previous day, said Naresh Gupta, a trader from north India. Sweetener prices have fallen by over INR 30 per 100 kg in the past few days, he said. 

Market participants were of the view that prices in Uttar Pradesh would be range-bound as the sales quota allocation for the state was lower, however, as demand was sluggish mills cut prices, Gupta said. The Centre has allocated a sales quota of 656,591 tonnes for Uttar Pradesh, which is nearly 11% lower than a month ago.

Mills in Maharashtra kept prices steady Thursday, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices are unlikely to increase, as demand is weak amid higher availability, he said.

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:

--Down INR 10-INR 15 at INR 3,825-INR 3,960 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 15 at INR 3,855-INR 4,060 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 1957 IST, the price of sugar on the Intercontinental Exchange was up 0.3% at 14.92 cents per pound. Prices rose despite ample global availability.  End

US$1 = INR 89.98

Edited by Deepshikha Bhardwaj

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.