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Informist, Wednesday, Apr. 8, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in key markets of Uttar Pradesh and Maharashtra were steady as demand was limited, traders said. Demand has not picked up so far in April despite it being a peak summer month, hence traders in the resales market are reluctant to keep stocks in the pipeline. 

Mills in Uttar Pradesh kept prices steady as demand was need based, said Naresh Gupta, a trader from north India. Prices fell the previous day by INR 20-INR 25 per 100 kg due to subdued demand. Demand did not pick up much even after prices fell, Gupta said. As several parts of the country are receiving heavy showers, there is subdued demand. "Moisture can damage sugar which is why traders in the resales market are not keeping stocks in the pipeline," Gupta said.

Mills that are selling directly to bulk consumers of sugar are in a much better position in terms of sales than those mills that sell to resale traders. Traders in the resales market are hesitant to stock up sugar as demand is not as much as expected and also because they are expecting prices to fall further, Gupta added.

Sugar prices in Maharashtra were steady as demand was limited, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Kuvadia expects prices to rise slightly in the coming days and then stabilise.

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

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

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

--Flat at INR 3,970-INR 4,053 per 100 kg in Mumbai

--Flat 10 at INR 3,760-INR 3,820 per 100 kg in Kolhapur

At 1910 IST, sugar prices on the Intercontinental Exchange were down 1.7% at 14.34 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 92.58

Edited by Deepshikha Bhardwaj

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