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Informist, Monday, Dec. 15, 2025

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh were mixed Monday, traders said. In Maharashtra, prices were steady as demand did not pick up, they said.

Some mills in west Uttar Pradesh cut prices by INR 5-INR 15 per 100 kg owing to sluggish demand, said Naresh Gupta, a trader from north India. Prices are likely to stabilise at these levels after falling by over INR 100 per 100 kg during the month, he said.

Mills in central Uttar Pradesh, on the other hand, raised prices by INR 15-INR 20 per 100 kg as they were able to sell some quantity at the earlier rates, Gupta said. However, demand at the increased prices was limited, he added.

Market participants were of the view that prices in Uttar Pradesh would be range-bound as the sales quota allocation for the state is lower, but 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 the quota for November.

Prices of the sweetener in Maharashtra were kept steady as demand continued to be sluggish, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Mills had cut prices by INR 10 per 100 kg Friday. Prices are unlikely to increase as demand remains weak and availability is high, he said.

Following are the highlights of sugar prices in the domestic market:

--Down INR 5-INR 15 at INR 3,825-INR 3,975 per 100 kg in western Uttar Pradesh

--Up INR 15-INR 20 at INR 3,850-INR 4,025 per 100 kg in central Uttar Pradesh

--Flat at INR 3,980-INR 4,052 per 100 kg in Mumbai

--Flat at INR 3,780-INR 3,850 per 100 kg in Kolhapur

At 2030 IST, the price of sugar on the Intercontinental Exchange was down nearly 2% at 14.81 cents per pound, tracking losses in crude oil prices on NYMEX. When crude oil prices fall, diversion of sucrose for ethanol production is reduced, which in turn increase the availability of sugar.  End

US$1 = INR 90.73

Edited by Rajeev Pai

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