India Sugar
Steady in key markets; prices may increase in Jan second half
This story was originally published at 20:19 IST on 6 January 2026
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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 as mills wanted to wait for demand to pick up at the existing prices, traders said. Traders expect prices to increase in the second half of the month due to wedding season when a majority of the demand comes from confectioneries.
Mills across Uttar Pradesh kept prices steady after cutting rates by INR 10-INR 20 per 100 kg the previous day, said Naresh Gupta, a trader from north India. In the resales market, traders cut price by INR 5-INR 10 per 100 kg, he said.
There was limited demand and traders at the resale market were buying on a day-to-day basis instead of stocking up, Gupta said. 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 season resumes across India.
In Maharashtra, too, prices were steady, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to remain at these levels for a few more days as demand is unlikely to pick up, Kuvadia said.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,800-INR 3,950 per 100 kg in western Uttar Pradesh
--Flat at INR 3,800-INR 3,975 per 100 kg in central Uttar Pradesh
--Flat at INR 3,850-INR 4,010 per 100 kg in Mumbai
--Flat at INR 3,755-INR 3,840 per 100 kg in Kolhapur
At 1955 IST, the price of sugar on the Intercontinental Exchange was up 0.2% at 14.75 cents per pound. Sugar prices rose, tracking gains in crude oil prices on NYMEX. A rise in crude oil prices leads to increased diversion of sucrose for ethanol production, decreasing the availability of sugar. End
US$1 = INR 90.16
Edited by Akul Nishant Akhoury
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