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Informist, Thursday, Jun. 4, 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 have picked up significantly in May, which is why demand is muted, they said.

 

Mills in Uttar Pradesh kept prices steady due to need-based demand, Naresh Gupta, a trader from north India said. Traders in the resale market are reluctant to buy as there are ample stocks in the pipeline, but demand is picking up slowly, he said. Moreover, there is subdued demand at existing rates, he said. In addition, owing to the onset of rainfall across the country, there is poor demand for the sweetener from bulk consumers of sugar such as ice-cream and cold-drink manufacturers, Gupta added.

 

Mills in Maharashtra kept prices steady, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to rise this week as demand improves temporarily, he added.

 

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

--Flat at INR 3,990-INR 4,130 per 100 kg in western Uttar Pradesh

--Flat at INR 3,990-INR 4,130 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 1904 IST, sugar prices on the Intercontinental Exchange were down 0.4% at 14.19 cents per pound, tracking losses in 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 95.79

 

Edited by Avishek Dutta

 

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