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Informist, Tuesday, Feb. 17, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar were steady in key markets of Uttar Pradesh and Maharashtra on Tuesday due to subdued buying, traders said. Prices are likely to remain range-bound for some time until demand for Holi festival starts, they added.

 

Ex-mill prices of sugar in the key markets of Uttar Pradesh were steady as there was limited demand at the current prices, Naresh Gupta, a trader from north India, said. Traders in the resales market are not keeping stocks in the pipeline and are buying on a day-to-day basis due to sluggish demand, Gupta said.

 

In the past few days, prices have come down by INR 30-INR 35 per 100 kg from the peak levels touched in February, he added. Prices are likely to remain at the current levels until there is some demand during the Holi festival, he said.

 

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.

 

Sweetener prices in Maharashtra were steady again on Tuesday, 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 1741 IST, sugar prices on the Intercontinental Exchange were up nearly 2% at 14.04 cents per pound, tracking gains in crude oil prices on the NYMEX. Higher crude oil prices lead to a rise in diversion of sucrose for production of ethanol, decreasing the availability of sugar.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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