No price hike for three years due to poor economic health of mills; this time, ruling party is pleasing cane farmers with one eye on 2017 assembly polls
Food Minister Ram Vilas Paswan said the government will soon start selling pulses through post offices
Sugar is available at an average price of Rs 40 per kg, although the maximum rate is Rs 47 per kg
All India average retail price of sugar is hovering at Rs 40-42 a kg
Dip is due to fall in sugarcane area and availability of the crop for crushing
First advanced estimates by ISMA forecasts sugar output at 23.37 mnT,a marginal recovery from its June estimates of 23.26 mnT
Louis Dreyfus expects India to consume about 25.5 million tonnes of sugar in 2016/17 compared with a production of about 22.5 million tonnes
Union govt has asked every sugar mill in the state to keep only 37% of its stock and to offload the rest by September 30
Dharani Sugars, Kesar Enterprises, Triveni Engg,, Dalmia Bharat Sugar and Mawana Sugars were up 10%-20%.
Mawana Sugars, Dwarikesh Sugar, Dharani Sugars, Thiru Arooran and Simbhaoli Sugars are up between 5% and 9%.
Marketmen said widening of the gap between demand and supply too supported the upside in prices
The cane and sugar production in the state is expected to be at par last year of little over than 68.55 lakh tonnes
The quantity works out to 20% more than consumption, price to crash in near term
It also appealed to Centre to direct RBI for continuation of exemption of levy on excise duty on ethanol
Marketmen said increased supplies in the market from mills and slowdown in buying by bulk consumers,weighed on sweetener prices
Ugar Sugar, Dwarikesh Sugar, Oudh Sugar, Parrys Sugar, Rajshree Sugar, Dharani Sugars and Mawana Sugars hit upper circuit on the BSE.
ISMA predicted India's sugar output at 23.26 million tonnes for the crushing season 2016-17
Also recommends stock holding limits on mills to check price rise
Could be lower compared with the current year's estimated output of 252 lakh mt
C R Chaudhary said there is sufficient sugar stock available in the current season to meet demand of 255 lakh mt