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Informist, Wednesday, Mar. 25, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar rose in the key markets of Uttar Pradesh and Maharashtra as demand improved slightly, traders said. As traders in the resale market were not stocking up sugar in the pipeline at the start of the month due to concerns about lower demand, they have little stock left to sell, so demand has improved, they said.

 

Mills in Uttar Pradesh raised prices by INR 10 per 100 kg due to strong demand from the resale market, said Naresh Gupta, a trader from north India. Throughout the month, traders in the resale market avoided stocking up on sugar due to concerns of lower demand. Hence, they ran out of stock, he said. The resale market had kept prices steady for the past few days, Gupta added. Mills are awaiting the release of the April sales quota.

 

For March, the government had set a sales quota of 2.25 million tonnes, which was 2.2% lower than the 2.30 million tonnes a year ago but unchanged from February. Even though the March quota was considered lower, many mills would be unable to meet it this month as demand was subdued, particularly from hotels and eateries due to fuel shortages amid the ongoing military conflict in West Asia. Demand was less than the expected offtake, traders said.

 

Sugar prices in Maharashtra rose by INR 5 per 100 kg as demand improved slightly, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices may stabilise at the current levels, he said. 

 

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

--Up INR 10 at INR 3,925-INR 4,020 per 100 kg in western Uttar Pradesh

--Up INR 10 at INR 3,925-INR 4,020 per 100 kg in central Uttar Pradesh

--Up INR 5 at INR 3,810-INR 3,820 per 100 kg in Mumbai

--Up INR 5 at INR 3,995-INR 4,060 per 100 kg in Kolhapur

 

At 1928 IST, sugar prices on the Intercontinental Exchange were down 2.1% at 15.55 cents per pound, tracking losses in crude oil prices on NYMEX. Lower crude oil prices decrease the diversion of sucrose for ethanol production, increasing the availability of sugar.  End

 

US$1 = INR 93.98

 

Edited by Saji George Titus

 

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