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Informist, Friday, May 15, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell as demand could not pick up at existing rates, traders said. In Maharashtra, prices were steady due to need-based demand, they said. 

 

Mills in Uttar Pradesh cut prices by INR 20-INR 25 per 100 kg due to sluggish demand at higher rates, Naresh Gupta, a trader from north India, said. In the resales market, prices fell INR 5-INR 10 per 100 kg, he said. Traders in resales markets are emptying stocks in the pipeline rather than buying new stocks at the moment, Gupta added.

 

Prices are likely to fall further as the government has banned exports of sugar and market participants expect ample availability in the coming days, he said. The government has banned exports of raw, white, and refined sugar with immediate effect till Sept. 30, or till further orders, whichever is earlier, according to a notification by the commerce ministry and the Directorate General of Foreign Trade late Wednesday.  

 

This marks a reversal of the previously "restricted" export policy, through which the government had approved 1.5 million tonnes of sugar for export in 2025-26 (Oct-Sept) on Nov. 14, 2025, after which it had approved another 500,000 tonnes for export on Feb. 13, bringing the total approved amount of sugar exports to 2 million tonnes. Prior to Nov. 14, sugar exports from India were prohibited. 

 

In Maharashtra, prices of the sweetener were steady as demand was need-based, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. But prices may fall in the coming days as market participants expect higher availability due to the ban on exports of sugar, Kuvadia added.

 

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

--Down INR 20-INR 25 at INR 3,990-INR 4,040 per 100 kg in western Uttar Pradesh

--Down INR 20-INR 25 at INR 3,990-INR 4,100 per 100 kg in central Uttar Pradesh

--Flat at INR 4,042-INR 4,122 per 100 kg in Mumbai

--Flat at INR 3,915-INR 3,940 per 100 kg in Kolhapur

 

At 1910 IST, sugar prices on the Intercontinental Exchange were down 1.7% at 14.74 cents per pound, due to expectations of high global sugar output.  End

 

US$1 = INR 95.97

 

Edited by Avishek Dutta

 

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