India Sugar
Steady in key mkts; mills await release of sales quota for Jan
This story was originally published at 21:05 IST on 24 December 2025
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady on Wednesday, traders said. Mills are now awaiting release of sales quota for January, depending on which prices will move, they said.
Mills in Uttar Pradesh kept prices steady to see if demand picks up at the existing levels, said Naresh Gupta, a trader from north India. Traders in the resales markets, however, raised prices by INR 15 per 100 kg, Gupta said.
Prices of the sweetener are likely to stabilise at these levels in December as they 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:
--Flat at INR 3,825-INR 3,970 per 100 kg in western Uttar Pradesh
--Flat 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 2024 IST, the price of sugar on the Intercontinental Exchange was up 0.4% at 15.26 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 89.78
Edited by Vandana Hingorani
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