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Informist, Wednesday, Aug. 12, 2026

 

By Ritwika Dutta

 

MUMBAI – Ex-mill sugar prices in major markets across Maharashtra and Uttar Pradesh rose on Wednesday, as mills quoted higher prices amid lack of selling pressure. Mills have more than two weeks left to sell as per their August sales quota prescribed by the government, traders said. 

 

The government has asked mills across the country to sell 2.25 million tonnes of sugar by August-end. It has also issued state-wise and mill-wise sales quotas for the month. The government has mandated 100% of the allocated sales quota for August, and warned that non-compliant mills will have a restricted sales quota for the next month. However, mills have been intermittently quoting higher prices as they feel demand is strong in the market amid supply concerns. 

 

"Mills have started to quote higher prices; they have 20 days more to sell, they are not in a hurry to sell," Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association, said. Sugar prices rose by INR 20-INR 30 per 100 kilograms in Maharashtra markets, he added. 

 

In Uttar Pradesh, sugar prices rose INR 10-INR 20, according to an official from the National Federation of Cooperative Sugar Factories. In other key south Indian markets such as Karnataka, prices rose by INR 20, but remained flat in Tamil Nadu. 

 

Sugar prices have been rallying with intermittent price corrections since June, as deficient monsoon rainfall has led to concerns about the recently sown sugarcane crop's yields and clouded the outlook for supplies in the next sugar season starting October. During Jun. 1–Aug. 11, the country received 12?low-normal rainfall at 478.4 millimetres. In addition, speculation that stocks are limited and could tighten further in the coming months has prompted panic buying. 

 

On prices, Kuvadia said, "It will depend on how much the mills can sell at higher prices and how much demand is picking up at those rates." 

 

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

--Up INR 20 at INR 30 at INR 4,850-INR 4,990 per 100 kg in Mumbai 

--Up INR 20 at INR 30 at INR 4,800-INR 4,860 per 100 kg in Kolhapur 

--Up INR 10-INR 20 at INR 4,730-INR 4,830 per 100 kg in Uttar Pradesh 

--Up INR 20 at INR 4,650-INR 4,700 per 100 kg in Karnataka   

--Down INR 10 at INR 30 at INR 4,750-INR 4,800 per 100 kg in Gujarat

--Flat at INR 4,725-INR 4,850 per 100 kg in Tamil Nadu 

 

At 1718 IST, the price of sugar on the Intercontinental Exchange was up 1.6% at 17.00 cents per pound.  End 

 

US$1 = INR 95.33

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

 

Edited by Avishek Dutta

 

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