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Informist, Wednesday, May 6, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady for the second consecutive day due to need-based demand at higher prices, traders said. But prices are likely to be on an upward trend amid good demand from ice-cream and cold-beverage manufacturers in May, they said.

 

Mills in Uttar Pradesh kept prices steady as demand was need-based at higher prices, Naresh Gupta, a trader from north India, said. Due to a lower sales quota for May and good demand for sugar from bulk consumers, prices rose by INR 60-INR 70 per 100 kilograms after the release of the sales quota. 

 

The government has set the all-India sugar sales quota for May at 2.25 million tonnes, 2.2% lower than the quota of 2.30 million tonnes for April and 4.3?low the 2.35 million tonnes allocated for May 2025. Market participants had expected a higher sales quota, Gupta said. 

 

In Maharashtra, mills kept prices steady due to limited demand at high prices. There was good demand at the beginning of the month, when mills raised prices significantly, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices are likely to rise in the coming days owing to good demand from ice-cream and soft drink manufacturers in the peak summer season amid low allocation of quota for the state, he said. The government has lowered the May sugar sales quota for Maharashtra by 18% from April to 666,331 tonnes.

 

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

--Flat at INR 3,970-INR 4,120 per 100 kg in western Uttar Pradesh

--Flat at INR 3,980-INR 4,130 per 100 kg in central Uttar Pradesh

--Flat at INR 4,080-INR 4,145 per 100 kg in Mumbai

--Flat at INR 3,900-INR 3,950 per 100 kg in Kolhapur

 

At 2003 IST, the price of sugar on the Intercontinental Exchange was down nearly 4% at 14.77 cents per pound, tracking a fall in the price of crude oil on NYMEX. Lower crude oil prices reduce the diversion of sucrose for ethanol production, increasing the availability of sugar.  End

 

US$1 = INR 94.61

 

Edited by Avishek Dutta

 

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