Indian mill-gate sugar prices fall 25% in a week as imports boost supply
Duty-free raw-sugar imports, anti-hoarding action and tighter bulk-buyer stock limits are easing India’s sugar market. Retail prices have edged down to ₹64.33/kg nationally, with further supply expected before the festival season.
What happened
Indian sugar market · Indian sugar prices are easing after duty-free import approvals, anti-hoarding inspections and tighter bulk-buyer stock limits. Mill-gate
Key facts
- Mill-gate prices dropped about 25% in one week
- Retail sugar price: ₹64.33/kg, down from ₹65.07/kg
- Retail prices: ₹60/kg in Mumbai to ₹64/kg in Chennai
- Wholesale prices declined ₹50-300/quintal
- Mills tender rates around ₹5,000/quintal
- Sonhira Sugars offered 1,400 tonnes at ₹4,900/quintal
- Resale S-30 sugar: ₹5,040-5,100/quintal
- Duty-free raw sugar imports allowed: 1 million tonnes
- 4-5 shipments carrying about 2 lakh tonnes underway
- Refineries expected to supply about 3 lakh tonnes in September
- Bulk-buyer stock limit cut to 15 days' requirements
Why this matters
Import-led supply relief and regulatory intervention make Indian sugar assets less scarce in the near term, favoring partnerships or procurement deals over premium-priced acquisitions.
Also reported by
- The Hindu BusinessLine — Same time