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Informist, Friday, Jul. 3, 2026

By Afra Abubacker

NEW DELHI – Ex-mill sugar prices rose in Uttar Pradesh amid speculative buying but remained steady in Maharashtra, traders said. Although sugar prices are likely to remain largely rangebound next week, traders see them inching higher in the coming months amid concerns about lower sugarcane acreage and prospects of reduced yields. 

Prices in Uttar Pradesh rose due to speculative demand amid anticipation of reduced sugar production in the upcoming season, Naresh Gupta, a trader based in north India, said. Good rainfall is required to improve sucrose content or sugar recovery from the sugarcane crop.

Typically, mills start producing sugar from harvested cane around October. The India Meteorological Department has projected the rainfall during the southwest monsoon season to be 'below-normal' at 90% of the long-period average. The rainfall was 40% below normal in June. 

Meanwhile, sugar prices remained largely steady in Maharashtra after rising sharply on Wednesday following the weather department's weak outlook for July rainfall on Tuesday. The IMD has projected July rainfall to be below normal, at 94% of the long-period average. As of Monday, sugarcane acreage in Maharashtra was 33% lower than a year ago at 26,132 hectares. The all-India cane area as of Thursday was up 1% at 5.73 million hectares. 

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

--Up INR 30 at INR 4,230-INR 4,330 per 100 kg in western Uttar Pradesh

--Up INR 30 at INR 4,230-INR 4,350 per 100 kg in central Uttar Pradesh

--Flat at INR 4,130-INR 4,160 per 100 kg in Kolhapur

--Flat at INR 4,232-INR 4,290 per 100 kg in Mumbai

The price of sugar on the Intercontinental Exchange was unavailable today, as the market was closed due to the US Independence Day holiday. The market will reopen on Monday. End

Edited by Saji George Titus

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