Diwali dhamaka may not rattle sugar
Sugar prices have declined in the past two weeks and are expected to remain range-bound till Diwali, giving respite to consumers during the festival period when d/mand and prices typically increase. Post Diwali, while analysts expect the downturn to continue, the industry is hopeful that prices will remain stable as supplies will be hand to mouth. ...
Why UK exporters are set for a sugar rush
The UK's sugar beet industry is looking to ramp up production, as European Union quotas come to an end this week after nearly 50 years. For the first time since 1968 the UK can produce and sell as much sugar around the world as it would like. The end of the quota also means that French, German and other EU producers can sell more sugar into the UK. Experts predict that...
Sugar futures fall back below 14 cents, as Brazil’s output revives
Raw sugar futures for March dropped below 14 cents a pound for the first time in more than a month after output in Brazil's key Centre South region was shown to have rebounded faster than investors had expected. Raw sugar for March, the best-traded contract, tumbled 3.5% in late deals in New York to 13.85 cents a pound, the lot's weakest level in five weeks....
Sugar output likely to increase sharply on decent monsoon
Farmers have experienced a good rainfall in the major Sugarcane cultivating areas in India during the current marketing year (October-September), which is likely to boost sugar production during the marketing year 2017-18. Government expects sugar production to reach 25 million tonnes in next marketing year, an increase of 24 percent from 2016-17....
Sugar Prices Fall After Brazilian Production Surpasses Expectations
Sugar futures tumbled Tuesday, as the latest report by the Brazilian cane industry group attracted more bears into the sugar pit. Raw sugar for October delivery dropped 3.8% to 13.22 cents a pound on the ICE Futures U.S. exchange. Sugar fell as Brazil's cane industry group Unica said Tuesday that mills in Brazil's center-south region crushed more cane and produced more sugar than expected in the first half of September....
UP sugar mills demand status quo on cane prices
Sugar mills in Uttar Pradesh have urged the State government not to increase sugarcane prices to be given to the farmers as it would hit them.This is even as the State is likely to register a record sugar output of around 10 million tonnes in the forthcoming season starting next month.Last year, the outgoing Samajwadi Party had hiked the State advised price (SAP) by ₹25 and fixed it at ₹305/quintal....
Lifting pressure drag sugar prices
Lifting pressure and need base demand kept sugar prices to lower by ₹10-20 all level on Tuesday. At Vashi rates dropped by ₹10. Naka rates ease by ₹10-20 as stockiest off loaded commodity lower rates due to lifting pressure. Producers sold at ₹10-20 lower on routine demand as bulk purchases for festivals already over. Under current of the market were weak said sources....
Millgate sugar edges up on millers’ enquiries
Millgate sugar prices firmed up by up to Rs 60 per quintal at the wholesale sugar market in the national capital today on higher enquiries from millers. Traders attributed the rise in sweetener prices to higher enquiries from mills triggered by ongoing festive season amid restricted supplies from producing belts. ...
South Indian mills surrender import quota
A significant portion of the raw sugar import quota allowed to South Indian sugar mills are being surrendered as imports are unviable and the deadline not practical, according to reliable sources. On the last day today for surrendering the quotas allocated to them with a 0.5 per cent penalty, a number of mills have opted out of imports. At least one-third of the 3-lakh tonnes of raw sugar permitted to...
Govt sees 24% jump in sugar output to 25 mn tonnes in 2017-18
The government is expecting about 24 per cent increase in the country's total sugar output to around 25 million tonnes in the marketing year beginning next month on likely higher output in Uttar Pradesh and Maharashtra following good rains, an official source said. This is an initial projection based on the inputs of the state governments. The estimate, however, is in line with the industry body ISMA's projection....