Sugar Daily Review: Prices Decline in March Despite Lower Sales Quota
19-Mar-2026 05:39 PM
Sugar Daily Review: Prices Decline in March Despite Lower Sales Quota
★ Despite a lower sugar sales quota (2.25 million tonnes) in March, prices continue to decline.
★ Weak demand from bulk consumers (ice cream, soft drinks, HORECA sector) and year-end stock liquidation are the key reasons.
★ Prices have fallen by ₹60–70/quintal in Uttar Pradesh and about ₹25/quintal in Maharashtra.
★ Current prices are around ₹3805–4060 per quintal.
★ Higher freight rates and festivals (Holi, Gudi Padwa) have increased transport costs, affecting demand.
★ Weak exports (uncompetitive Indian prices + West Asia conflict) have increased domestic availability, putting pressure on prices.
★ Prices in Uttar Pradesh may fall further by ₹20–25/quintal
★ Overall, an additional decline of ₹10–20/quintal is likely this month
Conclusion:
★ Due to weak demand and higher domestic availability, the sugar market is expected to remain under pressure in the short term.