Page 4 - Sugar Prices

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%

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