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Informist, Monday, Mar. 9, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra due to limited demand, traders said. Prices are likely to remain range-bound for the rest of the month if demand does not pick up, they said.

Mills in Uttar Pradesh kept prices steady as there was limited demand, said Naresh Gupta, a trader from north India. In the resales market, traders cut prices by INR 10-INR 15 per 100 kg, he said.

Mills had increased prices last week, even though there was only need-based demand, as mills were not in a hurry to offload stocks and meet the quota at the beginning of the month, Gupta said.

Prices in Uttar Pradesh are unlikely to rise because of higher sugar output in the state and lower-than-expected sales quota for the month, Gupta said. Any gains in sweetener rates will be capped as the state's sugar output rose over 2% on year to 7.4 million tonnes in Oct-Feb. The average sugar recovery has risen to 10.05% from 9.45% last year, according to the National Federation of Cooperative Sugar Factories.

Ex-mill prices of sugar in Maharashtra were also steady due to need-based buying, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to remain range-bound if demand does not improve, he said.

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

--Flat at INR 3,925-INR 4,050 per 100 kg in West Uttar Pradesh

--Flat at INR 3,925-INR 4,050 per 100 kg in Central Uttar Pradesh

--Flat at INR 3,805-INR 3,820 per 100 kg in Mumbai

--Flat at INR 3,990-INR 4,060 per 100 kg in Kolhapur

At 1843 IST, sugar prices on the Intercontinental Exchange were up nearly 3% at 14.49 cents per pound, tracking gains in crude oil prices on the NYMEX. Higher crude oil prices increase the diversion of sucrose for ethanol production, reducing sugar availability.  End

US$1 = INR 92.32

Edited by Deepshikha Bhardwaj

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