Higher surplus could pressure sugar prices even lower
In the wake of a bloated domestic surplus, India recently scrapped a 20 per cent sugar export tax and allowed millers exporting sugar this season to import raw sugar duty-free for the following two seasons through September 2021. The move is expected to prevent further price erosion of domestic sugar prices.
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Sugar prices lowest in 27 months; lack of demand to reduce rates further
Sugar prices declined by up to 1 per cent to hit the lowest in 27 months in the wholesale Vashi mandi here on Friday due to increased supply from stockists and lack of demand.
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Bearish trend continues in sugar
Prices at the Vashi sugar market continued to decline by losing ₹10-30 a quintal as some mills in Maharashtra sold the commodity ₹10-20 lower than previous day’s close.
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China resists Brazil proposal to solve sugar trade spat: source
BRASILIA (Reuters) - Brazil has proposed that China introduce a quota for imports of Brazilian sugar that would face a 50 percent levy to solve a trade spat between both countries but China is resisting the plan, a person close to the negotiations told Reuters on Friday.
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Brazil cane industry blasts Pakistan, India sugar export policies
BRASILIA (Reuters) - Brazil’s sugarcane industry on Thursday took aim at policies undertaken by Pakistan and India to protect local producers and boost sugar exports, arguing they could further depress global prices.
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Shree Renuka Sugars to divest Brazilian
Crisis-hit Shree Renuka Sugars today said that its board has decided to divest the Brazilian operations of the company.
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As cane arrears pile up, UP sugar millers seek reforms
With sugar prices sliding and the arrears of cane growers piling up, millers in Uttar Pradesh have approached chief minister Yogi Adityanath, seeking immediate measures to save the industry.
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Selling pressure weighs on sugar
Continuous selling pressure from producers kept the sugar market weak on Wednesday supported by slack physical demand at distribution markets.
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Maharashtra set for record sugar production
MUMBAI: Sugar production in Maharashtra has touched 101 lakh tons, the second highestin the state's history, reports Priyanka Kakodkar. With a month still left for the sugar season to end, officials say production could set a new record, and may even overtake highest producer UP.
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Sugar prices tumble on soaring stocks, low demand
Sugar prices plunged by Rs 70 per quintal at the wholesale market in the national capital today following mounting stocks on relentless supplies from mills amid muted demand from bulk consumers.
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