Login ID:
Partner Login
Contact Us : 7066511911

Domestic Sugar Prices Fall Further

13 Aug 2019 8:17 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - Sugar prices eased further from their upper level at the major Mumbai market on Tuesday due to decline in demand after a sharp hike in the pices over the last few days.

Prices were firm mainly due to disruption in supply in the wake of heavy rains, festive season demand and lower sale quota for August.

In Mumbai, prices were at Rs 3,310-3,392 a quintal for S-grade and at Rs 3,342-3,542 for M-grade, as per Bombay Sugar Merchants Association.

As per traders, buying from bulk buyers to meet demand during upcoming festivals, may continue to remain firm till Diwali in October.

Prices of sugar are expected to rise by 8-9 percent in 2019-20 (Apr-Mar) because of expectations of a 9-10 percent on-year decline in cane acreage, and delayed rainfall in key producing areas, CRISIL Research said in a report.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Sugar Prices Continue To Rule Steady In Mumbai
Uttar Pradesh Sugar Mill Prices - 09 December 2019
Madhya Pradesh Sugar Mill Prices 09 December 2019
Tamil Nadu Sugar Mill Prices 09 December 2019
Sugar (ICE) Bullish Breakout Above Resistance ($13.00...
Top 5 News
Domestic Urad Mixed At Major Markets; Imported Variety ...
Spot Turmeric Down To Steady; Futures Firm
Red Chilli Teja Variety Rules Down
Chana Dips At Major Spot Markets Tracking Weak Futures,...
Tur Remains Weak At Major Markets
Top 5 Special Reports
Cotton Seed Oilcake (NCDEX) May Attempt a Relief Rall...
Cotton Complex Kapas (NCDEX) Trading Within a Multi...
Copyright © CC Commodity Info Services LLP. All rights reserved.