India Sugar
Mixed in Uttar Pradesh; ICE rates up tracking gains in crude oil
This story was originally published at 19:46 IST on 23 December 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh were mixed, while those in Maharashtra were steady on Tuesday, traders said. Mills in west Uttar Pradesh raised prices, while those in central part of the state cut prices, they said.
Mills in west Uttar Pradesh raised sugar prices by INR 20 per 100 kg as demand picked up slightly at the earlier lower prices, said Naresh Gupta, a trader from north India. On the other hand, mills in central Uttar Pradesh cut prices by INR 15-INR 20 per 100 kg as mills were in a hurry to offload stocks before the month ends, Gupta said.
Rates of the sweetener are likely to stabilise at these levels as prices have already fallen by more than INR 100 per 100 kg during the month, Gupta said.
In Maharashtra, mills kept prices steady after having cut them by INR 10 per 100 kg Friday, said Mukesh Kuvadia, secretary at the Bombay Sugar Merchants Association. Prices are likely to remain at these levels for the rest of the month, he said.
The following are the highlights of sugar prices in the domestic market:
--Up INR 20 at INR 3,825-INR 3,970 per 100 kg in western Uttar Pradesh
--Down INR 15-INR 20 at INR 3,825-INR 3,970 per 100 kg in central Uttar Pradesh
--Flat at INR 3,860-INR 4,020 per 100 kg in Mumbai
--Flat at INR 3,765-INR 3,850 per 100 kg in Kolhapur
At 1915 IST, the price of sugar on the Intercontinental Exchange was up 0.6% at 15.08 cents per pound. Sugar prices rose, tracking gains in crude oil prices on NYMEX. A rise in crude oil prices leads to greater diversion of sucrose for ethanol production, reducing the availability of sugar. End
US$1 = INR 89.65
Edited by Deepshikha Bhardwaj
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