Sugar prices lean down on ample stocks
Sugar prices softened by Rs 15 per quintal at the wholesale market in the national capital today following soaring ready stocks on relentless supplies from mills amid sluggish demand. Marketmen said the fall in sweetener prices was mostly due...
Sugar stays unchanged
Sugar prices were unchanged on Monday as demand, supply and volume remained normal. With the start of new crushing season, supplies in Maharashtra and Uttar Pradesh improved.Producers were keen to ease their old stocks. ...
Maharashtra sugar mills likely to crush 74% more cane
The sugar year has commenced in Maharashtra and mills are likely to crush about 650 lakh tonnes of sugarcane, which is about 74 per cent higher than last year’s 373 lakh tonnes, industry sources said.In the State, the sugar year usually commences on November 1. ...
No supply of sugarcane till arrears are settled; Ryots
Two days after state-owned Arignar Anna Sugar Mill warned farmers of legal action if they did not register their crop for the crushing season, farmers said they would not give supplies to the mill until arrears are settled. P Ramasamy,president,AASM sugarcane producers association, who participated in the talks farmers had yesterday with T Mohanraj, CEO of the mill, said AASM owed them around Rs 32 crore as arrears of Rs...
Sugar prices close lower on huge stocks
Sugar prices rolled down by Rs 70 per quintal at the wholesale market in the national capital today following mounting of stocks on regular supplies but selective buying squeezed the fall. According to marketmen, huge availability of stocks on non-stop supplies from mills mainly pulled down sweetener...
Sugar market rules flat
Sugar market ruled flat on Friday on routine demand, supply and activities. On Thursday 14-5 mills sold about 26,000 bags at ₹3,490-3,550 (₹3,490-3,550) for S-grade and ₹3,580-3,640 ( ₹3,580–3,640) for M-grade.On Bombay Sugar Merchants Association's spot rates were: ...
Govt raises ethanol procurement price by 5% for 2017-18
In a boost for the sugar sector, the Cabinet Committee on Economic Affairs (CCEA) has raised the basic ethanol price by five per cent, in a bid to get distilleries to increase their supply of the product to oil marketing companies (OMCs) for blending with petrol.Chaired by Prime Minister Narendra Modi, the CCEA approved a price of Rs 40.85 a litre for procurement season 2017-18 (beginning December 2017), up from...
Govt. extends stock limit on sugar traders till Dec to ensure smooth supply
The government today extended the stock limit on sugar traders by another two months till December 2017 to keep prices under control. "Stock limit on dealers of sugar extended up to December 31, 2017, to ensure smooth supply of sugar in the market at reasonable prices," the Department of Food said in a tweet....
Sugar prices slide on weak demand
Sugar prices came down by Rs 50 per quintal at the wholesale market in the national capital today on slackened demand from stockists and bulk consumers amid ample stocks position on increased supplies from mills. According to marketmen, besides fading demand from stockists and bulk consumers such as soft-drink and ice-cream makers after the end of festive season coupled with the steady inflow of arrivals from mills mainly pulled down...
‘Glut, sluggish global demand will not affect sugar prices’
An anticipated production glut and steep decline in global prices may not have an impact on domestic sugar prices in the near term, a rating agency said on Monday. Sugar prices in the country would remain firm in the near term despite the expected increase in output by 20-23 per cent to 24.5-25 million tonnes (mt) during Sugar Year 2018, which commenced this month, rating agency ICRA said in a...