India Sugar
Down in Uttar Pradesh as demand remains subdued at high prices
This story was originally published at 20:39 IST on 8 June 2026
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By Taniva Singha Roy
MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell as demand was subdued at higher prices, traders said. Mills in Maharashtra kept prices steady, they said.
Mills in Uttar Pradesh cut prices by INR 30-INR 40 per 100 kg as demand could not pick-up at higher rates, Naresh Gupta, a trader from north India said. Traders in the resale market had stocked up on sugar at the end of last month and are now using the stocks in the pipeline instead of buying more, Gupta said.
In addition, owing to the onset of the monsoon, there is poor demand for the sweetener from bulk consumers such as ice-cream and cold-drink manufacturers, which weighed on prices, Gupta added. However, demand increased slightly after cutting prices Monday, he said.
In Maharashtra, mills kept prices steady due to need-based demand, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Prices are high, which is why demand is as per requirement, he added.
Following are the highlights of sugar prices in the domestic market:
--Down INR 30-INR 40 at INR 3,980-INR 4,120 per 100 kg in western Uttar Pradesh
--Down INR 30-INR 40 at INR 4,000-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 2017 IST, sugar prices on the Intercontinental Exchange rose 0.4% to 14.19 cents per pound, tracking gains in crude oil on NYMEX. Higher crude oil prices increase the diversion of sucrose for ethanol production, decreasing the availability of sugar. End
US$1 = INR 95.70
Edited by Deepshikha Bhardwaj
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