Page 5 - Sugar Prices

Dip in sugar prices negates part of Centre's incentives to clear cane dues

For January 2019 and February 2019, however, the Union Ministry of Food had set a sugar quota of 1.85 mt and 2.1 mt, respectively

Sugar price declines steadily to nullify a part of govt boosters

Sugar has shed 3% over the past two weeks, since the govt announced the highest ever monthly quota release of 2.45 million tonnes for March

Govt hikes sugar MSP by 7% to Rs 31 a kg; mills to get Rs 6,000-cr benefit

Announcement comes as relief for mills burdened by sugarcane arrears

More triggers needed for sugar rally; prices may remain under pressure

Therefore investors, who wish to take an exposure to the sector, could look at companies with a stronger balance sheet and lower cost of sugar production

Market Mind: Sugar may remain sour for long

The UP government's enthusiasm to 'reward' cane growers and win opinions (before the 2019 votes) proved lose-lose for stakeholders

Sugar surges 21% in three weeks on govt's reverse stock limit order

Hits Rs 3,341 a quintal in Vashi Mandi; mills say govt's Rs 70-bn package, buffer stock move are knee-jerk reactions, supply glut not addressed

Sugar price, shares surge on fresh revival package buzz

This 'incentive' may be given so that sugar companies can pay their dues to the farmers

Sugar prices fall to lowest level in 28 months owing to distress sales

Meanwhile, a sharp fall in sugar prices in global markets has made exports almost impossible

Sugar prices lowest in 27 months; lack of demand to reduce rates further

Lack of demand to reduce rates further; markets await export incentives to arrest fall

Sugar bears come out to play as India, Thailand post record harvests

The investors are holding the biggest net-short position, or bets on declining prices, in six weeks

As sugar-crushing season reaches peak, producers pay the price of reform

Govt-controlled cane prices remain a challenge as the sugar-crushing season gets into full swing

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