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Informist, Tuesday, Dec. 30, 2025

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar remained steady in the key markets of Uttar Pradesh and Maharashtra, traders said. Mills in Uttar Pradesh are likely to raise rates in the coming days as demand is expected to increase in January, while those in Maharashtra are likely to keep prices unchanged, they said. 

 

Mills in Uttar Pradesh kept prices steady due to limited demand at existing prices, said Naresh Gupta, a trader from north India. On Friday, mills had raised rates by INR 20-INR 30 per 100 kg, expecting demand to pick up and noting that the January sales quota is insufficient to meet the month's demand due to festivals, Gupta said.

 

Prices will increase, especially in the second half of January, due to wedding festivities across India at that time, Gupta said. Moreover, prices have fallen by over INR 100 per 100 kg in December, so it is unlikely that prices will fall further, 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 is expected to be 2.2-2.3 million tonnes, as demand is likely 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 1837 IST, the price of sugar on the Intercontinental Exchange fell 0.5% to 15.19 cents per pound on the expectation of ample global availability. Signs of a larger sugar crop in India, the world's second-largest producer, weighed on prices. In November, the Indian Sugar & Bio-energy Manufacturers Association raised its 2025-26 sugar production estimate to 31 million tonnes from an earlier forecast of 30 million tonnes, up 18.8% year on year.  End

 

US$1 = INR 89.79

 

Edited by Saji George Titus

 

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