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Informist, Thursday, Jan. 1, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets in Uttar Pradesh fell as demand was poor, traders said. Prices were steady in markets in Maharashtra. Mills in Uttar Pradesh are likely to raise prices in the second half of January, when demand is expected to rise, traders said. Prices in Maharashtra are likely to remain unchanged, they added.

Mills in Uttar Pradesh cut prices by INR 10-INR 20 per 100 kg as demand was sluggish, said Naresh Gupta, a trader from north India. Demand was poor even at the lowered rates, Gupta added. Prices are likely to fall further as there are no festivals in the first half of the month, he said. However, he expects prices to start rising in the second half of the month when wedding festivities resume across India.

The government has set the domestic sugar sales quota for January at 2.2 million tonnes, unchanged from December but more than 2% less than the quota for January 2025. The January sales quota is in line with market expectations. Market participants had told Informist that the sales quota was expected to be 2.2-2.3 million tonnes with demand likely to improve due to festivals like Makar Sankranti and Pongal and the wedding season.

In Maharashtra, prices of the sweetener were steady, with market participants in 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:

--Down INR 10-INR 20 at INR 3,825-INR 3,960 per 100 kg in western Uttar Pradesh

--Down INR 10-INR 20 at INR 3,825-INR 3,980 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

The price of sugar on the Intercontinental Exchange was unavailable Thursday as markets in the US were shut for New Year's Day.  End

US$1 = INR 89.96

Edited by Rajeev Pai

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