India Sugar
Remains flat in key markets amid lack of fresh triggers
This story was originally published at 16:58 IST on 1 October 2025
Register to read our real-time news.Informist, Wednesday, Oct. 1, 2025
By Afra Abubacker
NEW DELHI – Ex-mill prices of sugar remained steady in key markets of Uttar Pradesh and Maharashtra Wednesday amid a lack of fresh triggers, traders said. Prices are likely to remain range-bound the next two weeks and then rise ahead of Diwali.
According to traders, the sales quota for October is seen to be sufficient to meet festival demand. The government has set the domestic sugar sales quota for October at 2.40 million tonnes, up 2% from 2.35 million tonnes in September but nearly 6% lower than 2.55 million tonnes a year ago.
Prices remained flat in key markets of Maharashtra Wednesday. "For the time being, prices will stay steady. After Oct. 10, prices may rise INR 10-INR 15 depending on demand," Bombay Sugar Merchants Association Secretary Mukesh Kuwadia said.
Prices are also likely to stay range-bound in Uttar Pradesh. "No large price movement is expected. (Sales) quota is sufficient," said Naresh Gupta, a trader from northern India. In addition, mills have a carry-forward stock of 4.74 million tonnes of sugar from the sugar year 2024-25 (Oct-Sept) that ended Tuesday. This is sufficient for two months' consumption needs until sugarcane crushing operations gather pace in November.
Tuesday, the Maharashtra government approved the start of sugarcane crushing for 2025-26 from Nov. 1, according to a post by Chief Minister Devendra Fadnavis on social media platform X. Mills typically start sugarcane-crushing operations after Diwali, when harvesting labourers get back to work after celebrations.
Sugar production in India is expected to rise over 18% on year to 34.9 million tonnes in 2025-26 against domestic consumption of 28–29 million tonnes, as per estimates by the Indian Sugar Mills & Bio-Energy Manufacturers Association. The association hopes mills will divert about 5.0 million tonnes of sugar in the sugar year 2025-26 for ethanol production, up from 3.4 million tonnes in 2024–25.
The following are the highlights of sugar prices in the domestic market:
--Flat at INR 3,960-INR 4,130 per 100 kg in western Uttar Pradesh
--Flat at INR 3,960-INR 4,130 per 100 kg in central Uttar Pradesh
--Flat at INR 4,062-INR 4,144 per 100 kg in Mumbai
--Flat at INR 3,900-INR 4,060 per 100 kg in Kolhapur
At 1517 IST, sugar prices on the Intercontinental Exchange were down 1.1% at 16.41 cents per pound, tracking losses in crude oil prices. Lower crude oil prices result in less diversion of sucrose for ethanol production, thereby increasing the availability of sugar and putting downward pressure on prices of the sweetener. End
US$1 = INR 88.69
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Nishant Maher
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