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Informist, Friday, May 29, 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 muted at the end of the month, traders said. Prices will rise in the coming days as firm household demand for sugar is expected at the start of June, they added.

Mills in Uttar Pradesh kept prices steady as demand was limited at the end of the month, Naresh Gupta, a trader from north India, said. But traders in the resale market cut prices by INR 5–INR 10 per 100 kilograms as they were in a hurry to sell stock and clear the pipeline, Gupta said. However, in the coming days, prices are likely to increase due to strong household demand in the first week of every month, he said. 

Mills in Maharashtra kept prices steady, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices are likely to rise next week as demand improves temporarily, he added. Demand from ice-cream and cold-drink manufacturers is expected to be lower than in May, as temperatures will come down once the southwest monsoon sets in. Hence, prices may rise only at the start, when households and traders stock up the pipeline, Kuvadia added.

The government has set the domestic sugar sales quota for June at 2.25 million tonnes, unchanged from May and down 2.2% from a year ago. Market participants said the sales quota is sufficient to meet demand.

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

--Flat at INR 4,000-INR 4,140 per 100 kg in western Uttar Pradesh

--Flat at INR 4,010-INR 4,160 per 100 kg in central Uttar Pradesh

--Flat at INR 4,072-INR 4,152 per 100 kg in Mumbai

--Flat at INR 3,945-INR 3,960 per 100 kg in Kolhapur

At 2044 IST, the price of sugar on the Intercontinental Exchange was up over 1% at 14.08 cents per pound, on concerns that an emerging El Nio weather pattern could curb rainfall and damage the cane crop in India, the world's second-largest producer.

The India Meteorological Department Friday cut its forecast on rainfall during the southwest monsoon season in India to be below normal at 90% of the long-period average from 92% earlier. The likelihood of below normal rainfall is due to the development of the El Nio weather phenomenon, which is expected to intensify as the season progresses, the department said.  End

US$1 = INR 95.00

Edited by Saji George Titus

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