Upsurge in spot demand lifts sugar futures 1.46 pc
Sugar prices surged by 1.46 per cent to Rs 3,759 per quintal in futures trade today as speculators built up fresh positions, taking positive cues from spot market on pick-up in demand.
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Medium sugar edges up in listless trade
Medium sugar prices edged up at the Vashi wholesale market today on mild demand from stockists and retailers.
Meanwhile, small sugar ruled steady in absence of any worthwhile buying activity
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Transport shortages lift sugar prices
Shortage of transport vehicles at producing centres continued to lift sugar prices at the Vashi market by ₹5-10 a quintal on Monday. Naka and mill tender rates were steady on routine activities. Sources said the sudden jump in transportation charges by ₹25-30 in two days has affected arrivals to the market.Arrivals were at 57-58 truck loads and local dispatches were at 58-60 loads.
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Select sugar mill gate prices show moderate rise
Select sugar mill gate prices improved by up to Rs 10 per quintal at the wholesale market in the national capital today following better offtake by stockists and bulk consumers for the festive season. However, sugar spot prices remained steady on sporadic demand.
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Sugar prices remain steady on ample stocks
Sugar prices settled quiet at the wholesale market in the national capital today on ample stocks position due to steady inflow of supplies from mills for the ongoing festive season amid scattered demand. Marketmen said persistent supplies from mills in view of ongoing festive season amid some demand from stockists and retailers, kept sweetener prices unchanged.
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Sugar prices end quiet in sporadic demand
Sugar prices pegged unchanged at the wholesale market in the national capital today in the absence of any significant buying or selling activity. Marketmen said small buying support amid adequate stocks position mainly kept sugar prices unmoved.
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Sugar prices rule firm
Sugar prices at Vashi ruled firm on back of increase in freight by₹8-10 a quintal from producing level. Shortage of trucks and higher demand for lifting commodity from sugar mills led market up. However prices at mill level remained steady with normal activities.
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‘Surplus sugar output likely for two years’
India is likely to witness surplus sugar production during the next two years on account of a bumper sugarcane crop.
According to OP Dhanuka, CMD, Riga Sugar Company Ltd, production of sugar in 2017-18 marketing year (October-September) is likely to be close to 25.5 million tonnes (mt), a growth of 25 per cent over last year on higher sugarcane area. The country’s annual consumption is pegged at 24 mt.
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Sugar industry overestimated October output
India’s sugar output in October is likely to achieve only 40 per cent of the earlier assured quantity. Based on assurances from individual mills and extrapolating of non-responsive ones, the apex industry body had in August sent a written commitment to the Union ministry of food for 800,000 tonnes in October. To achieve this, mills planned to advance the crushing season by three to four weeks.
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Sugar futures gain 1.38 pc on spot demand
Sugar prices moved up by 1.38 per cent to Rs 3,751 per quintal in futures market today as speculators built up fresh positions, driven by pick up in demand in the spot market.
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