Page 5 - Sugar Prices

Sugar prices fall below Rs 3,000 a quintal despite govt's bailout measures

For the first time this crushing season, sugar price declined below the benchmark psychological barrier of Rs 3000 a quintal due to growing competition among mills for selling the sweetener to pay farmers' cane dues.Mills in Maharashtra quoted S30 variety of sugar at Rs 2990 a quintal on Tuesday for selling to stockists and traders which upon lending into the Agriculture Produce Markets Committee (APMC) yard works out to Rs 3150- 3250 a quintal considering transport cost, mandi charges, loading and unloading etc. This means, actual realisation for mills for S30 variety of sugar has slumped by over 15 per cent since the beginning of this crushing season in October 1, 2017. While M30 variety of sugar has also fallen similarly, this type of sweetener continued to trade above Rs 3100 a quintal at mill gate.The current price, however, works out to nearly Rs 600 - 700 a kg below the cost of production which is estimated at between Rs 3600 - 3700 a quintal given that increase in cane cost in

Sales pick up as prices bottom out

ISMA announced the production trend, suggesting a 26% jump in sugar production in the 2017-18 season

Buying by stockists likely to push up sugar prices

Govt lifts stock limit on traders; may trigger 1.5 mt of fresh purchases to fill inventories

Sugar prices to decline as UP, Maharashtra begin cane crushing

The market expects a rise in sugar output of 24% this year

Sugar prices rise by Rs 50 per quintal on festive season demand

Fresh buying by retailers as well as bulk consumers, driven by ongoing festive season amid higher enquiries from millers supported the prices, says traders

Sugar mills to raise supply after govt nudge to regulate prices

ISMA says it advised its members to boost supply to curtail prices

Sugar prices up on supply crunch, rising demand

Sugar ready M-30 and S-30 prices up by Rs 100 to end at Rs 4,150-4,300 and Rs 4,140-4,290/quintal

Domestic sugar prices to move up on import duty hike: Icra

Sugar prices are likely to move up in near term following supply restrictions on the government's move to raise import duty to 50 per cent from the existing 40 per cent. The government early this week raised duty on raw sugar import following the recent decline in the global sugar prices and improved outlook for domestic sugar production for the coming sugar season SY2018 beginning October 2017.Global sugar prices have largely followed expectations on global supplies. The lower sugar import demand from India, coupled with an expectation of a global surplus in 2017-18 on account of increased production from Brazil and India, has resulted in a decline in the global sugar prices from around $540-$550 a tonne in January-February 2017 to $510 a tonne in March 2017 and further down to $445 a tonne in May 2017."The recent hike in the import duty is a positive for the industry which is likely to support the domestic prices in the near term. This in turn will help sugar mills clear cane ...

Sugar prices climb Rs 120 per quintal due to fresh demand in Feb

Mill delivery M-30 and S-30 prices rose by Rs 60 each

Govt alarmed at rising sugar prices, draws up continegency plan

ISMA warns mills against speculation, wants sales data, stock positions on fortnightly basis

Govt closely monitoring prices of sugar, other food items: Ram Vilas Paswan

Cabinet Secretary P K Sinha held a meeting on Tuesday to review the prices and availability of essential commodities

Sugar up 2% as govt imposes stock limit

Commodity for delivery in October also slumped by Rs 55, or 1.58%

Govt imposes stock limit on sugar mills

To check spiralling price of sugar which has crossed Rs 40 per kg, the government on Thursday imposed stock limits on sugar mills during the festival season till October-end. The decision to impose stock limit on millers would boost availability of sugar in the open market and help control the price rise."It has been decided to impose stock limit on sugar stock to be held by sugar mills at the end of September and October, 2016," Food Minister Ram Vilas Paswan tweeted. This is the first time the government has imposed curbs on the Rs 80,000-crore sugar sector ever since it was partially decontrolled in 2013.According to the decision, mills should not, at the end of September, hold more than 37 per cent of their total sugar available with them during the entire 2015-16 marketing year.At the end of October, the sugar stock should not be more than 24 per cent of the total supply. Sugar marketing year runs from October to September."The stock limit on sugar at the end of September 2016 is

Sugar down 0.47% on low demand, adequate stocks

Commodity for delivery in October contracts moved down by Rs 15 or 0.42%

Sugar down 1.4% on adequate stocks

Commodity for delivery in October contracts traded lower by Rs 51 or 1.38%

Sugar down 0.4% on low demand, adequate stocks

According to analysts, price of the commodity moved down due to a lower demand from bulk consumers

Uptick in demand lifts sugar futures by 0.47%

Sugar for delivery in July was trading higher by Rs 17, or 0.47%, to Rs 3,620 per quintal, with an open interest of 2,620 lots

Sugar down 0.8% on higher supplies from mills

Commodity for delivery in October contracts moved down by Rs 20, or 0.53%

Sugar down 21% as govt slaps 20% export duty

Commodity for delivery in July traded lower by Rs 9 or 0.25%

Sugar down 0.8% on profit-booking

Commodity for delivery in October contracts traded lower by Rs 18, or 0.48%