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Informist, Friday, Dec. 19, 2025

 

By Afra Abubacker

 

NEW DELHI – Ex-mill prices of sugar in the key markets of Maharashtra fell on Friday due to selling pressure and weak demand. Prices in Uttar Pradesh were largely steady amid lack of fresh triggers, traders said. 

Prices in Maharashtra fell by INR 10 as mills increased sales to meet their December sales quota by the month-end. "This is the third week of the month. Mills are under selling pressure to complete their quota by month-end," said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. In addition, mills are not holding on to stocks as sugarcane crushing operations are underway in full swing. "They have to liquidate stocks to pay farmers," he added.

 

Mills in Uttar Pradesh largely kept prices of the sweetener steady on Friday. Prices may come under pressure from next week due to month-end selling pressure, according to traders. 

 

The sales quota for Maharashtra in December is higher by over 30% on month at 763,058 tonnes. On the other hand, the sales quota allocated by the government for Uttar Pradesh is nearly 30% lower from the previous month at 656,591 tonnes. 

 

The following are the highlights of sugar prices in the domestic market:

--Flat at INR 3,800-INR 3,950 per 100 kg in western Uttar Pradesh

--Flat at 3,825-INR 4,000 per 100 kg in central Uttar Pradesh

--Down by INR 10 at INR 3,860-INR 4,020 per 100 kg in Mumbai

--Down by INR 10 at INR 3,765-INR 3,850 per 100 kg in Kolhapur

 

At 1635 IST, the price of sugar on the Intercontinental Exchange was up 1% at 14.6 cents per pound. Sugar prices rose, tracking gains in crude oil on NYMEX. A rise in crude oil prices leads to greater diversion of sucrose for ethanol production, reducing sugar availability.  End

 

US$1 = INR 89.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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