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Informist, Wednesday, Feb. 18, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra continued to be steady Wednesday amid limited demand, said traders. Prices of the sweetener are expected to be in range this month. Prices will fluctuate only after the release of the sugar sales quota for March, they said.

 

Mills in Uttar Pradesh kept prices steady as there was limited buying, said Naresh Gupta, a trader from north India. 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. Prices will remain range-bound for the coming days until the release of the sales quota for March, he said.

 

There could be some improvement in demand at the end of the month due to Holi festival in March first week, he added. In addition, sugar production in Uttar Pradesh in 2025-26 (Oct-Sept) is seen lower than estimated due to lower sugarcane output, which can support prices. Of the 120 mills that were in operation in the state, nine had stopped crushing activities as of Saturday, compared with two a year ago, according to the National Federation of Cooperative Sugar Factories.

 

Sugar prices in Maharashtra were steady again on Wednesday, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. In the coming days, prices are likely to remain at current levels, 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 1641 IST, sugar prices on the Intercontinental Exchange were up nearly 1.4% at 14.05 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

 

US$1 = INR 90.67

 

Edited by Tanima Banerjee

 

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