Sugar Market Review
28-Mar-2026 11:28 AM
Sugar Market Review
★ India’s sugar market is showing mixed regional trends:
★ In Uttar Pradesh, prices have risen by ₹5–₹10 to ₹3,930–₹4,020 per quintal due to limited supply.
★ Most mills have nearly exhausted their March sales quota, reducing market availability and supporting prices.
★ In Maharashtra, prices remained steady:
★ Mumbai: ₹3,810–₹3,820 per quintal
★ Kolhapur: ₹3,995–₹4,060 per quintal
★ Balanced demand and supply have kept the market stable in the state.
★ The government has set the April sugar sales quota at 2.30 million tonnes, slightly higher than the previous month and in line with market expectations.
★ State-wise quota notification is still awaited, which will influence further market direction.
★ In the international market, prices eased slightly by 0.5% to 15.79 cents per pound.
★ Rising crude oil prices are encouraging ethanol production, which may reduce sugar availability.
★ Prices in Uttar Pradesh may remain firm due to tight supply.
★ Maharashtra market is expected to stay range-bound.
★ Future price direction will depend on quota allocation and summer-driven demand.