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Informist, Thursday, Feb. 5, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key market of Uttar Pradesh rose due to firm demand and hopes of the government increasing the minimum selling price of the sweetener, traders said. Mills in Maharashtra kept prices steady, they said 

 

Mills in Uttar Pradesh increased prices by INR 10-INR 15 per 100 kg as there was good demand and also because mills were anticipating a hike in the minimum selling price, Naresh Gupta, a trader from north India, said. Prices also rose by INR 5 per 100 kg in the state's resale markets. Gupta said that there was good demand even at higher prices.

 

Prices may rise further in the coming days due to demand during the fasting month of Ramzan and the Holi festival, he said. Moreover, sugar production has declined in several parts of Uttar Pradesh due to a fall in sugarcane availability, leading a few mills in the state to halt crushing operations and potentially driving prices higher, he said.

 

Mills in Maharashtra kept prices steady after cutting rates 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 the wedding season, Kuvadia said.

 

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

--Up INR 10-INR 15 at INR 3,910-INR 4,130 per 100 kg in west Uttar Pradesh

--Up INR 10-INR 15 at INR 3,920-INR 4,120 per 100 kg in central Uttar Pradesh

--Flat at INR 3,982-INR 4,022 per 100 kg in Mumbai

--Flat at INR 3,830-INR 3,870 per 100 kg in Kolhapur

 

At 1741 IST, sugar prices on the Intercontinental Exchange fell 0.7% to 14.34 cents per pound, tracking a decline in NYMEX crude oil prices. Lower crude oil prices lead to a decline in the diversion of sucrose for ethanol production, increasing the availability of sugar.  End

 

US$1 = INR 90.35

 

Edited by Saji George Titus

 

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