India Sugar
Steady in key markets on need based demand; prices seen rising
This story was originally published at 19:46 IST on 6 February 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 demand was need-based, traders said. Prices could rise in the coming days due to demand during the fasting month of Ramzan and the Holi festival
Mills in Uttar Pradesh kept prices steady as there was need-based demand, said Naresh Gupta, a trader from north India. Mills raised rates by INR 10-INR 15 per 100 kg the previous day, Gupta said. Mills are not in a hurry to offload stocks at the moment as there is ample time to meet the monthly quota, he said. Prices rose by INR 5 per 100 kg in the state's resale markets.
Prices are expected to rise due to demand during Ramzan and Holi, 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, 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:
--Flat at INR 3,910-INR 4,130 per 100 kg in West Uttar Pradesh
--Flat 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 were steady at 14.28 cents per pound. End
US$1 = INR 90.65
Edited by Saji George Titus
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