India Sugar
Flat in Maharashtra; tad up in Uttar Pradesh on speculative buys
This story was originally published at 19:25 IST on 21 January 2026
Register to read our real-time news.Informist, Wednesday, Jan. 21, 2026
By Afra Abubacker
NEW DELHI – Ex-mill prices of sugar Wednesday remained steady in the key markets of Maharashtra and rose slightly in Uttar Pradesh. Market is awaiting the government to release sales quota for February by next week and there are also expectation of the Centre increasing the minimum selling price of sugar, traders said.
In Maharashtra, sugar prices remained unchanged from the previous day. Market is awaiting the government to declare higher minimum selling price and to release monthly sugar sales quota for next month, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association.
On Friday, ChiniMandi, a sugar trade media, reported that the government was likely to hike the minimum selling price of sugar "soon", adding that it could be raised to INR 37.50–INR 38.00 per kg. Currently, the minimum selling price of sugar is INR 31 per kg, unchanged since February 2019. The sugar industry has been urging the government to hike the minimum selling price of sugar, citing higher sugarcane prices. In addition, increased sugar production in the ongoing season is weighing on prices, according to market participants.
Ex-mill prices in Uttar Pradesh rose by INR 20 per 100 kilograms on speculative buying in anticipation of a possible hike in minimum selling price, said Naresh Gupta, a trader from north India.
The following are the highlights of sugar prices in the domestic market:
--M-grade sugar up INR 20 at INR 3,900-INR 4,080 per 100 kg in Uttar Pradesh
--Flat at INR 3,900-INR 3,992 per 100 kg in Mumbai
--Flat at INR 20 at INR 3,750-INR 3,800 per 100 kg in Kolhapur
At 1905 IST, the price of sugar on the Intercontinental Exchange was up 1.2% at 14.88 cents per pound. Sugar prices rose, tracking gains in crude oil prices on the NYMEX. Typically, higher crude oil prices prompt more diversion of sucrose for ethanol production, reducing the availability of sugar. End
US$1 = INR 91.69
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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