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Informist, Tuesday, Apr. 28, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar rose in the key markets of Uttar Pradesh and Maharashtra as market participants felt the sales quota for May was insufficient to meet the demand, traders said. Prices are likely to increase further in the coming days, they said.

 

Mills in Uttar Pradesh raised prices by INR 30-INR 40 per 100 kilograms as traders stocked up amid concerns about lower availability after the release of the sales quota for May, Naresh Gupta, a trader from north India, said. Sugar prices are likely to rise by INR 50 per 100 kg in the coming days, as demand from bulk consumers will be firm in May, Gupta said. 

 

The government has set the sugar sales quota for May at 2.25 million tonnes, 2.2% lower than the 2.30 million tonnes in April and 4.3?low the 2.35 million tonnes allocated in May last year.

 

There will be good demand from ice-cream and soft drink manufacturers in May as it is a peak summer month, traders said. There will also be demand from rural India, as marriages take place during the harvest period. Traders said the allocated quantity might not be sufficient to meet demand. 

 

In Maharashtra, sugar prices rose INR 20 per 100 kg as demand improved, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices rose due to concerns about lower availability during the month, he said.

 

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

--Up INR 30-INR 40 at INR 3,940-INR 4,060 per 100 kg in western Uttar Pradesh

--Up INR 30-INR 40 at INR 3,950-INR 4,070 per 100 kg in central Uttar Pradesh

--Up INR 20 at INR 3,995-INR 4,058 per 100 kg in Mumbai

--Up INR 20 at INR 3,695-INR 3,825 per 100 kg in Kolhapur

 

At 1941 IST, sugar prices on the Intercontinental Exchange were up 1.7% at 14.06 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 94.54

 

Edited by Saji George Titus

 

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