Live Updates > Live Update Details
2025-10-29 17:44:43
[Major Earthquake in India's Sugar Industry: Sugarcane Procurement Prices Surge 8.1% in Uttar Pradesh] ⑴ Uttar Pradesh, India, announced on Wednesday an 8.1% increase in the minimum procurement price for sugarcane for the new crushing season. ⑵ For the new crushing season starting this month, the price for early-maturing sugarcane is set at 400 rupees per 100 kg, a significant increase from 370 rupees last year. ⑶ This price increase of 30 rupees directly pushes up the raw material procurement costs for sugar mills. ⑷ Uttar Pradesh is India's second-largest sugar-producing region, and its pricing policy has a significant impact on the national sugar industry. ⑸ Local sugar mills are expected to begin crushing next month, and the new price standard will take effect immediately. ⑹ Converted at the exchange rate, the new price is equivalent to US$4.55 per 100 kg, and the cost pressure may be transmitted to the global sugar market.
