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Informist, Thursday, Jul. 9, 2026

 

By Afra Abubacker

 

MUMBAI – Ex-mill sugar prices were largely steady on Thursday in the major markets of Maharashtra and Uttar Pradesh. Trading activity in Uttar Pradesh was thin as heavy rainfall and thunderstorms across many parts of the state deterred buyers from the market. 

 

"Prices are flat. But the market is slow due to heavy rainfall," Naresh Gupta, a trader based in north India, said. The India Meteorological Department has issued a red alert for western Uttar Pradesh on Thursday, with very heavy rainfall, thunderstorms, and lightning. IMD has forecast heavy showers to extend over parts of the state till Saturday. 

 

Meanwhile, sugar prices were flat in Maharashtra after rising slightly on Tuesday, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said.

 

Sugar prices have firmed up since late June as a rainfall deficit during the ongoing monsoon season has added a weather premium to the sweetener. In addition, the pipeline stocks are estimated to tighten in the coming months.

 

The ongoing sugar season 2025-26 is expected to close with stocks of 3.5 million tonnes, significantly below last year's 5.0 million tonnes. Typically, the sugar market considers 5.0 million tonnes a "comfortable" closing stock, as new-season sugar supplies will only pick up pace around November.

 

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

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

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

--Flat at INR 10-INR 20 at INR 4,200-INR 4,260 per 100 kg in Kolhapur

--Flat at INR 10-INR 20 at INR 4,296-INR 4,380 per 100 kg in Mumbai

 

At 1753 IST, the price of sugar on the Intercontinental Exchange was down 1.3% at 14.92 cents per pound. End 

 

US$1 = INR 95.39

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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