Sugar Price

ICRIER paper calls for a flexible E20 ethanol strategy as rapid growth in fuel demand outpaces feedstock availability, increasing pressure on food and feed markets

Ex-mill sugar prices fell nearly 30 per cent to Rs 47 per kg on Monday, from a peak of Rs 67 per kg on August 18, following a series of government interventions, but the drop has yet to filter down to retail shelves, industry sources said. While the decline in ex-mill rates gets reflected almost immediately in wholesale markets, retail prices tend to lag. Retailers who bought stock at the earlier, higher rates are unwilling to sell at a loss and will continue pricing their existing inventory at the older rate until it is exhausted, the sources explained. A retailer typically holds 10-15 bags of sugar, each weighing 50 kg. Only once fresh stock is procured at the lower rate will retail prices adjust accordingly. "It takes at least ten days to reflect changes in the retail price," an industry source said. On Sunday, retail sugar was selling at Rs 64.23 per kg, against a wholesale rate of Rs 59.72 per kg. WHY EX-MILL PRICES FELL ------------------------------ The decline follows t

Share price of Balrampur Chini Mills, one of the largest sugar producers in India, surged 13% to ₹738 on the BSE on the back of three-fold jump in the average trading volume.

Today's Best of BS Opinion examines rising sugar prices, AI-led credit assessment, global trade dualism, mounting US fiscal risks and China's reshaping of collective memory.

Domestic sugar prices are easing after the government allowed 1 million tonnes of duty-free raw sugar imports and tightened stock limits for bulk buyers

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