India Sugar
Steady in key markets on need-based demand; prices up on ICE
This story was originally published at 19:03 IST on 16 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 due to need-based buying, traders said. Prices may rise in the coming days as the government has allowed additional quota for exports, they said.
Mills in Uttar Pradesh kept prices steady after cutting rates on Friday by INR 15-INR 20 per 100 kg as demand was subdued at existing levels, said Naresh Gupta, a trader from north India. In the past few days, prices have come down by INR 30-INR 35 per 100 kg from the peak levels touched so far in February.
However, as the government has allowed export of additional 500,000 tonnes of sugar to help manage surplus availability in the country, it could lead to some increase in domestic prices. Sugar production in Uttar Pradesh in 2025-26 (Oct-Sept) is seen lower than estimated due to lower sugarcane output, which will limit the fall in prices.
In Maharashtra, mills 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, Kuvadia said.
Following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,900-INR 4,025 per 100 kg in west Uttar Pradesh
--Flat at INR 3,900-INR 4,065 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 1834 IST, sugar prices on the Intercontinental Exchange were up 1% at 13.87 cents per pound, tracking gains in crude oil prices on the NYMEX. Higher crude oil prices lead to rise in diversion of sucrose for production of ethanol, decreasing the availability of sugar. End
US$1 = INR 90.65
Edited by Ashish Shirke
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