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Informist, Tuesday, Jun. 9, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh and Maharashtra were steady as mills wanted demand to pick up at existing prices, traders said. Prices are likely to remain range-bound in the coming days as well, they said.

 

Mills in Uttar Pradesh kept prices steady as they were waiting for demand to increase at these levels, Naresh Gupta, a trader from north Inia, said. In the past few days, mills in the state have already cut prices by INR 50-INR 60 per 100 kg due to sluggish demand, he said.

 

At the lower prices, there was some demand, which is why mills want to keep prices at existing levels for some time, Gupta added. Owing to the onset of the monsoon, there is limited 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 prices were cut on 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:

--Flat at INR 3,980-INR 4,120 per 100 kg in western Uttar Pradesh

--Flat 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 1721 IST, sugar prices on the Intercontinental Exchange were down 0.3% at 14.08 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 95.35

 

Edited by Avishek Dutta

 

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