Page 6 - Sugar Prices

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%

Sugar up by 0.4% on uptick in demand

Participants enlarged their positions amid upsurge in demand from bulk consumers in the spot market

India may temporarily hold off on cancelling raw sugar import duty

Officials say no need to scrap the duty for now, even as sugar prices in India soar on the back of drought

Sugar up by 0.3% on spot demand

Speculators created fresh positions amid pick-up in demand in the spot market

Sugar prices see unusual rise but millers plead for pause on curbs

Increasing prices, millers note, enable them to cover more of their production cost nd also clear sugarcane payment dues to farmers

Sugar down by 0.1% on ample stocks

Participants lightened their positions, triggered by adequate stocks at the spot market on higher supplies from mills

Sugar price to move up on supportive fundamentals

Prices move 18% globally on deficit forecast, lags behind in India with a gain of just 4%