Indian mill sugar prices rise as UP factories resist rate cuts
Ex-mill sugar prices have climbed to ₹4,900–5,100 per quintal, up more than 2% this week, as festival demand, low trader inventories and freight constraints tighten supply. Government stock limits, sales quotas and duty-free raw sugar imports aim to contain consumer prices.
What happened
Indian sugar mills · Indian mill and wholesale sugar prices rose as Uttar Pradesh factories resisted cuts, festival demand depleted trader stocks and truck
Key facts
- Ex-mill sugar prices: ₹4,900-5,100 per quintal
- Prices up over 2% since the start of the week
- Maharashtra mill prices raised by ₹600-700 per quintal
- Retail sugar prices had exceeded ₹70 per kg
- Shree Renuka Sugars plans to redirect 2.5 lakh tonnes to the domestic market
- All-India average retail price: ₹60.31 per kg, versus ₹60.53
- Retail prices ranged from ₹44 to ₹83 per kg
- Raw sugar: 18.21 US cents per pound ($405 per tonne)
- London white sugar: $528.30 per tonne
Why this matters
For grocery and food companies, constrained domestic sugar supply reinforces the value of diversified sourcing, long-term mill contracts and potential supply-chain partnerships rather than spot-market dependence.