Prices Firm Up in Sugar and Jaggery Markets on Low Arrivals

Weak arrivals combined with rising demand pushed up prices of jaggery and sugar in the local market by about ₹100 per quintal over the past week. A shortage of sellers also supported an upward trend in khandsari rates. In Uttar Pradesh, sugar mills quoted higher prices to stimulate buying interest, resulting in mill delivery rates increasing by ₹50–75 to ₹4040–4180 per quintal. Spot market prices also strengthened, reaching ₹4350–4500 per quintal. Meanwhile, on the global front, a decline in speculative buying activity led to a drop in London sugar futures, with delivery prices falling from $458 to $435 per tonne. Adverse weather conditions disrupted supplies from western Uttar Pradesh mandis, leading to tighter arrivals and a ₹100 rise in jaggery prices. Pedhi variety was quoted at ₹4400–4500, while dhaiya moved up to ₹4550–4650 per quintal. Shakkar prices remained steady at ₹4800–4900 per quintal due to reduced selling pressure. Despite subdued demand, khandsari rates increased by ₹100, settling at ₹5300–5400 per quintal. In Hapur mandi, stronger buying by stockists lifted balti jaggery prices by ₹50 to ₹1625–1650 per 40 kg. Similarly, in Muzaffarnagar, limited arrivals caused chaku jaggery prices to rise by ₹40–50, reaching ₹1575–1760 per 40 kg.

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