Sugar Price

Sugar prices have skyrocketed in the market amid declining sugarcane production and increased stockpiling by traders, according to experts who attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Opposition parties have been targeting the Centre over increased ethanol blending in petrol, alleging that the policy was pushing up sugar prices and imposing an additional financial burden on people. The government has rejected the claims and instead blamed the industry for jacking up prices despite the country having sufficient stock to meet domestic demand. The rate of loose sugar in Chhatrapati Sambhajinagar, Maharashtra, has risen to Rs 75-80 per kg, a supermarket owner said on Sunday. Experts attributed the sharp rise to multiple factors but ruled out diversion of sugar towards ethanol production as the main reason. Former Maharashtra Sugar Commissioner Shekhar Gaikwad said sugarcane production and yields are .

No ethanol link to sugar price rise; millers jacking up rates, says govt

Retail sugar prices have shot up to Rs 70 per kg in Kolkata markets ahead of the festive season, traders said on Friday. Prices have surged by Rs 20 a kg in the past month alone, while the last four to five days have seen a sudden 10 per cent jump, they said. Sugar-associated products such as jaggery, batasa (sugar drop), and nakuldana are also witnessing a similar spike. The Centre on Thursday evening allowed sugar mills to import one million tonne of raw sugar, a measure last resorted to a decade ago, but its impact is yet to trickle down to retail markets, traders said. The government has also imposed a stockholding limit on bulk customers who consume more than 10 tonne of sugar a month, capping their stock at 15 days' consumption. Confederation of West Bengal Trade Association (CWBTA) president Sushil Poddar said there was no control over sugar mills, with wholesale prices already touching Rs 65 a kg. "I sold loose sugar at Rs 65 just three days ago, but today I can't sell bel

Centre caps sugar stocks held by bulk consumers at 15 days' requirement as prices hit record highs; mills must disclose buyer-wise sales for August 17-19

The government has cut sugar stock limits for bulk consumers to 15 days from September 1, as prices hit record highs ahead of the upcoming festive season

Officials are weighing proposals to lower or scrap the 100% tax on inbound shipments in an effort to boost local supplies

The Indian government in January permitted mills to ship as much as 1 million tons in the current season, easing restrictions that curbed overseas sales for more than a year

Drought and plant disease have delayed Brazil's sugar harvest, tightening supplies and keeping prices high, despite China's larger crop and easing global demand

SATARA/SANGLI/SOLAPUR, India (Reuters) - Sugarcane growers in India's top producing states are worried scanty rainfall during the crop's crucial growth period could trim yields and reduce sugar output in the upcoming season, farmers and industry sources told Reuters.

Sugar demand rises as consumption of cold drinks and ice cream climbs in India during the summer months that run roughly from April to June

Concerns about low output behind the uptick; retail prices may remain flat

In India, the Central government determines the quantity of sugar that each mill can sell in the domestic market each month which keeps on changing depending upon the demand-supply matrix.

GoM recommends hiking MSP to Rs 33 a kg to clear farmers' dues

UP is estimated to produce 45% of India's sugar in 2019-20 cycle

The ISO noted that consumption growth was expected to be below the 1.8 per cent average seen up to 2016-17

Sugar mills are currently going through a massive slowdown in pick up from the bulk consumers

Price of benchmark S 30 sugar up by Rs 100 a quintal, trades at Rs 3,020-3,070 a quintal in Vashi APMC market on Saturday

he food ministry has moved a draft Cabinet note on creating a sugar buffer of 3 million tonnes and fixing a minimum ex-mill price

With falling prices, sugar companies' share prices have crashed

Spot sugar prices rebounded sharply from a recent low to hit the highest in three months, following a global move and traders returning to the market after almost three weeks.The benchmark M-30 variety at the Vashi wholesale market jumped to trade at Rs 4,050 a quintal on Thursday, from a low of Rs 3,914 a qtl on June 29. The M-grade contract for delivery in July hit the upper circuit on the National Commodity & Derivatives Exchange (NCDEX), to trade at Rs 3,816 a qtl. The far month sugar contract for delivery in October, however, remained relatively resilient on NCDEX, to trade at Rs 3,590 a qtl on concern regarding surplus carry-forward stocks from the current season and estimates of a bumper cane output for the next season."A cold wave has certainly hit the standing sugarcane crop in some areas in Brazil. Sugar prices in India have followed a global move," said an analyst with a large stockbroking entity. Raw sugar futures on the Chicago Mercantile Exchange jumped to the ...