India Sugar
Down in Uttar Pradesh on sluggish demand; ICE prices down
This story was originally published at 16:26 IST on 12 February 2026
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell again on Thursday as demand was poor, traders said. Mills in Maharashtra kept prices steady, they said.
Mills in Uttar Pradesh cut prices by another INR 10-INR 15 per 100 kg as demand did not pick up even after cutiing prices the previous day, said Naresh Gupta, a trader from north India. Traders in the resales market of the state also cut prices by INR 5-INR 10 per 100 kg as demand was need-based, Gupta said.
But prices may rise in the coming days due to demand during Ramzan and Holi, he said. Moreover, sugar production in Uttar Pradesh in 2025-26 (Oct-Sept) will be lower than estimated as low sugarcane output will limit the fall in prices, Gupta added.
Mills in Maharashtra kept prices steady due to sluggish demand, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. In the coming days, prices are likely to remain range-bound or rise by INR 5-INR 10 per 100 kg, Kuvadia said.
Following are the highlights of sugar prices in the domestic market:
--Down INR 10-INR 15 at INR 3,880-INR 4,100 per 100 kg in west Uttar Pradesh
--Down INR 10-INR 15 at INR 3,895-INR 4,085 per 100 kg in central Uttar Pradesh
--Flat at INR 3,872-INR 4,012 per 100 kg in Mumbai
--Flat at INR 3,820-INR 3,860 per 100 kg in Kolhapur
At 1607 IST, sugar prices on the Intercontinental Exchange were down 1% at 13.76 cents per pound, tracking a decline in crude oil prices on NYMEX. 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 90.59
Edited by Avishek Dutta
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