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Informist, Thursday, Feb. 26, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar rose in Maharashtra on Thursday on lower sales quota for March, traders said. Sugar prices in Uttar Pradesh were steady after rising the previous day, they said.

 

Mills in Maharashtra raised prices by INR 10 per 100 kg, as the March sales quota was lower than expected, traders said. However, Kuvadia said there was little demand at higher price levels. Prices are likely to increase in the coming days due to lower sales quota, he said.

 

The government has set the domestic sugar sales quota for March at 2.25 million tonnes, down 2.2% lower from a year ago, but unchanged from February.

 

In Uttar Pradesh, mills kept prices steady after increasing prices by INR 10-INR 15 per 100 kg the previous day, said Naresh Gupta, a trader from north India. In the resale market, prices fell by INR 5 per 100 kg, he said.

 

Market participants were expecting a higher quota of about 2.30-2.35 million tonnes, as March has more days than February. Though market participants had expected prices to remain largely steady, they may rise in the next few days due to lower-than-expected quota, traders said. But the gains will not last long as the sugar output in the state has increased. Sugar output in Uttar Pradesh during the season rose nearly 4% on year to 6.6 million tonnes as of Feb. 14, according to the National Federation of Cooperative Sugar Factories.

 

The following are the highlights of sugar prices in the domestic market:

--Flat at INR 3,900-INR 4,045 per 100 kg in West Uttar Pradesh

--Flat at INR 3,900-INR 4,060 per 100 kg in Central Uttar Pradesh

--Up INR 10 at INR 3,810-INR 3,825 per 100 kg in Mumbai

--Up INR 10 at INR 3,995-INR 4,066 per 100 kg in Kolhapur

 

At 1724 IST, sugar prices on the Intercontinental Exchange were steady at 14.59 cents per pound.  End

 

US$1 = INR 90.90

 

Edited by Saji George Titus

 

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