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Informist, Thursday, Apr. 23, 2026

By Taniva Singha Roy

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady as demand was need-based, traders said. Prices are likely to remain at the current levels this month, they said.

Mills in Uttar Pradesh kept prices steady as demand was limited, said Naresh Gupta, a trader from north India. During the previous day, mills raised rates by INR 20-INR 25 per 100 kg, but demand was limited at those levels, Gupta said.

Meanwhile, the market is waiting for the government to announce the sugar sales quota for May. Typically, the sugar market sees the highest sales in May due to rising temperature and peak summer. The government is likely to announce the sugar sales limit for May by the last week of April.

The government fixes the maximum quantity of sugar available for sale every month to support prices and help mills clear the arrears of sugarcane farmers. It also sets the monthly sales quota for each state and sugar mills.

Sugar prices in Maharashtra remained unchanged as demand and supply were on a par, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to be at the same level for the rest of the month, Kuvadia added.

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

--Flat at INR 3930-INR 4,060 per 100 kg in western Uttar Pradesh

--Flat at INR 3930-INR 4,080 per 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 1848 IST, sugar prices on the Intercontinental Exchange were up 0.5% at 13.64 cents per pound, tracking gains in crude oil prices on NYMEX. Higher crude oil prices increase the diversion of sucrose for ethanol production, decreasing the availability of sugar.  End

US$1 = INR 94.10

Edited by Deepshikha Bhardwaj

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