India Sugar
Steady in key markets on limited demand; prices on ICE down
This story was originally published at 21:53 IST on 10 March 2026
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar were steady in the key markets of Uttar Pradesh and Maharashtra on Tuesday as demand was limited, said traders. They expect prices to be range-bound with a slight upside bias for some time.
Mills in Uttar Pradesh kept prices steady as there was limited demand, said Naresh Gupta, a trader from north India. Prices will largely remain steady for some time and rise only slightly if there is demand from bulk consumers such as ice-cream and cold-drink manufacturers.
Prices in Uttar Pradesh are unlikely to rise much because of higher sugar output in the state and lower-than-expected sales quota for the month, Gupta said. Any gains in prices of the sweetener 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.
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 2048 IST, sugar prices on the Intercontinental Exchange were down 1.6% at 14.36 cents per pound, tracking fall in crude oil prices on the NYMEX. Lower crude oil prices decrease the diversion of sucrose for ethanol production, increasing availability of sugar. End
US$1 = INR 91.80
Edited by Ashish Shirke
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