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Informist, Tuesday, Feb. 3, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar rose in key markets of Uttar Pradesh on Tuesday, but there was limited demand at elevated prices, traders said. Mills in Maharashtra kept prices steady after increasing prices the previous day, they said.

Some mills in Uttar Pradesh quoted higher prices, but there was limited buying at those levels, said Naresh Gupta, a trader from north India. Mills raised prices by INR 15-INR 20 per 100 kg on Tuesday. In the resales market of the state, however, traders cut prices by INR 5 per 100 kg as there was subdued demand at higher rates. 

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.

In Maharashtra, prices of the sweetener were steady after increasing the previous day, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. 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.

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

--Up INR 15-INR 20 at INR 3,900-INR 4,120 per 100 kg in west Uttar Pradesh

--Up INR 15-INR 20 at INR 3,920-INR 4,120 per 100 kg in central Uttar Pradesh

--Flat at INR 3,992-INR 4,022 per 100 kg in Mumbai

--Flat at INR 3,830-INR 3,880 per 100 kg in Kolhapur

At 1941 IST, the price of sugar on the Intercontinental Exchange was up nearly 2% at 14.54 cents per pound, tracking gains in NYMEX crude oil prices. Higher crude oil prices increase the diversion of sucrose for ethanol production, decreasing sugar availability.  End

US$1 = INR 90.26

Edited by Deepshikha Bhardwaj

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