More Stories

Informist, Monday, Dec. 29, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra Monday, as mills kept prices unchanged to see whether demand would pick up at current levels, traders said.

 

In Uttar Pradesh, mills kept prices steady on Monday after raising rates by INR 20-INR 30 per 100 kg on Friday, said Naresh Gupta, a trader from north India. Mills raised prices the previous day, expecting demand to pick up and noting that the January sales quota is insufficient to meet next month's demand due to festivals, Gupta said.

 

However, there was little demand at the increased prices, so they kept prices at the existing levels, he added. In the resale market too, prices were steady, Gupta said. 

 

The government has set the domestic sugar sales quota for January at 2.2 million tonnes, unchanged from December but over 2% lower than the January 2025 quota. The January sales quota is in line with market expectations. Market participants told Informist that the sugar sales quota for next month would be 2.2-2.3 million tonnes, as demand is expected to improve due to festivals such as Makar Sankranti, Pongal, and the wedding season.

 

In Maharashtra, prices of the sweetener were steady, with market participants in a wait-and-watch mode, said Mukesh Kuvadia, secretary of 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 3,850-INR 4,100 per 100 kg in western Uttar Pradesh

--Flat at INR 3,830-INR 4,115 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 1521 IST, the price of sugar on the Intercontinental Exchange was flat at 15.18 cents per pound.  End

 

US$1 = INR 89.97

 

Edited by Saji George Titus

 

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.