Sugar Market Stable Amid Limited High-Price Demand
11-Sep-2025 01:50 PM
Mumbai. The ex-factory price of sugar remained almost stable on September 10 in the major wholesale markets of Uttar Pradesh and Maharashtra.
According to trade analysts, due to weak demand at high prices, there has been a stability in sugar prices in the last two-three days. For the month of September, the government has issued a free sale quota of 23.50 lakh tonnes of sugar and millers are trying to increase its sale.
The ex-factory price of sugar in Uttar Pradesh increased by 50-60 rupees per quintal on September 8, the first day of the current week, but it remained stable on September 9 and 10.
Due to the rise in prices, the demand for sugar weakened and the buyers' interest in its purchase decreased. Sugar prices softened by 5-10 rupees per quintal in the resale market. Its purchase decreased at high prices.
It is noteworthy that after the release of free sale quota of 23.50 lakh tonnes for the month of September, the price of sugar had softened by Rs 40-50 per quintal. Actually, the industry-trade sector had estimated a quota of 22-23 lakh tonnes of sugar for September 2025, but the actual quota was left higher than this,
which put pressure on the prices. Gradually, the sugar market is now returning to normal levels. The quota for domestic sale of 22.50 lakh tonnes of sugar was fixed for the month of August and 23.50 lakh tonnes for September 2024.
Due to lack of new purchases, the price of sugar remained stable in Maharashtra. According to the Bombay Sugar Merchants Association, the demand for sugar is expected to increase in Maharashtra around September 25, while this time the crushing of sugarcane may also start early.
On September 10, the price of sugar remained stable at Rs. 3900/4020 per quintal in western Uttar Pradesh and no fluctuation was seen at this price level in the central part of the state also.
On the other hand, in Maharashtra's Mumbai market, the price of sugar remained stable at Rs. 4082/4162 per quintal and in Kolhapur also its price remained intact at the previous level of Rs. 3910/3980 per quintal.
The futures price of raw sugar remained stable at 15.83 cents per pound on the Intercontinental Exchange as the production situation in Brazil has improved.