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Informist, Thursday, Apr. 9, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar fell in Uttar Pradesh on poor demand at higher rates, traders said. However, mills in Maharashtra kept prices steady as supply and demand were in balance, they said. Traders expect prices to stabilise at the current levels.

 

Mills in Uttar Pradesh cut prices by INR 15-INR 25 per 100 kilograms as demand was sluggish at higher levels, Naresh Gupta, a trader from north India, said. There was good demand at lower price levels on Thursday, he said. Prices have fallen by INR 50-INR 60 per 100 kg in April from peak levels, he said. Sugar prices in the state are likely to stabilise at the current levels, he added.

 

Demand for sugar has been weak in April, despite it being a peak summer month, as several parts of the country experienced heavy rainfall. "Moisture can damage sugar, which is why traders in the resales market are not keeping stocks in the pipeline," Gupta said. India received an average rainfall of 14.2 millimetres in the week ended Wednesday, 76% above the normal of 8.1 millimetres for the period, according to the India Meteorological Department. During Mar. 1- Apr. 8, the country received 49.6 millimetres of rainfall, 27?ove the normal of 39.0 millimetres.

 

Mills in Maharashtra kept sugar prices steady as demand and supply were on par, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices may remain at the current levels in the coming days, he said.

 

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

--Down INR 15-INR 25 at INR 3,915-INR 4,030 per 100 kg in western Uttar Pradesh

--Down INR 15-INR 25 at INR 3,915-INR 4,030 100 kg in central Uttar Pradesh

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

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

 

At 1805 IST, sugar prices on the Intercontinental Exchange were down nearly 1% at 14.1 cents per pound, driven by high global sugar output. On Mar. 27, Unica, the Brazilian Sugarcane and Bioenergy Industry Association, reported that cumulative sugar output in the Centre-South regions of Brazil from October to mid-March was up 0.7% on year at 40.25 million tonnes.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

US$1 = INR 92.66

Edited by Saji George Titus

 

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