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Informist, Wednesday, Mar. 18, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell again on Wednesday as demand was subdued, traders said. Mills in Maharashtra kept prices steady, they said. Prices in the key markets may fall during the next few days and then stabilise, traders added.

Mills in Uttar Pradesh cut prices by INR 10 per 100 kilograms due to sluggish demand, said Naresh Gupta, a trader from north India. In the resales market, traders cut prices by INR 5 per 100 kg. Traders are not stocking up sugar at the moment as they want to liquidate the existing stocks before the financial year ends, Gupta said.

Prices had risen due to concern that the sales quota for March announced by the government was lower than requirement. However, prices have fallen below the February levels. The government has set the domestic sugar sales quota for March at 2.25 million tonnes. The quota for the month was unchanged from February but 2.2% lower than 2.30 million tonnes in March 2025.

Mills in Maharashtra kept prices steady, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices may fall by another INR 10-INR 20 per 100 kg before stabilising, he added.

Following are the highlights of sugar prices in the domestic market:

--Down INR 10 at INR 3,910-INR 4,010 per 100 kg in west Uttar Pradesh

--Down INR 10 at INR 3,905-INR 4,010 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 1925 IST, sugar prices on the Intercontinental Exchange were up 0.6% at 14.53 cents per pound, tracking a rise in crude oil prices on the NYMEX. Higher crude oil prices increase the diversion of sucrose for ethanol production, decreasing the availability of sugar.  End

US$1 = INR 92.63

Edited by Akul Nishant Akhoury

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