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Informist, Monday, Feb. 2, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar rose in the key markets of Maharashtra on Monday as mills are anticipating a hike in the minimum selling price soon, said traders. But sugar prices were steady in Uttar Pradesh, as demand was muted at higher rates, they said. 

 

Sugar prices in Maharashtra rose INR 20-INR 30 per 100 kg on speculation about a hike in the minimum selling prices, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices have risen by about INR 150 per 100 kg over the past 10 days, due to strong demand during the Makar Sankranti festival and wedding season across north India, Kuvadia said.

 

Mills in Uttar Pradesh kept prices steady as there was subdued demand at higher prices, Naresh Gupta, a trader from north India, said. Prices rose by INR 50 after the release of the sales quota for February, Gupta said.

 

The government set the domestic sugar sales quota for February at 2.25 million tonnes, unchanged from a year ago, but 2.3% higher than the 2.20 million tonnes in January. According to traders, demand for sugar will rise in February due to Ramadan and the ongoing wedding season in North India.

 

Sugar prices are most likely to be steady during this week, unless the Centre increases the minimum selling price of sugar. The minimum selling price of sugar is currently at INR 31 per kg, unchanged since 2019. 

 

The following are the highlights of sugar prices in the domestic market:

--Flat at INR 3,900-INR 4,100 per 100 kg in west Uttar Pradesh

--Flat at INR 3,900-INR 4,100 per 100 kg in central Uttar Pradesh

--Up INR 20-INR 30 at INR 3,992-INR 4,022 per 100 kg in Mumbai

--Up INR 20-INR 30 at INR 3,830-INR 3,880 per 100 kg in Kolhapur

 

At 1838 IST, the price of sugar on the Intercontinental Exchange was down 0.4% at 14.22 cents per pound, tracking losses in NYMEX crude oil prices. Lower crude oil prices reduce the diversion of sucrose for ethanol production, increasing sugar availability.  End

 

US$1 = INR 91.51

 

Edited by Saji George Titus

 

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