Login ID:
Partner Login
Contact Us : 7066511911

Sugar Prices Mostly Steady In Mumbai

6 Dec 2019 4:16 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - Prices of sugar remained mostly steady at the Mumbai market on Friday as an increase in demand due to the ongoing marriage season offset impact of higher sale quota.

However, prices of small grade sugar gained from higher range due to selective demand.

The government has fixed December sale quota for mills at 21.5 lakh tonnes, while in November it was 20.5 lakh tonnes.

Prices were at Rs 3,230-3,362 a quintal for S-grade and at Rs 3,330-3,572 for M-grade, as per Bombay Sugar Merchants Association.

Traders said, apart from marriage season demand, some export deals also prevented decline in prices.

Indian mills have so far signed deals for about 1.5 million tonnes, including contracts with port-based refineries. India mainly exports sugar to Iran, Sri Lanka, Afghanistan and African countries among others.

  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 (LIFFE) – Testing a Potential Resistance Zone ($3...
Sugar (ICE) – Consolidating Near Support ($13.10)
ICE Raw Sugar Rises as October Expiry sees Record Deliv...
Maharashtra Sugar Mill Prices – 30 SEPTEMBER 2020
Punjab Sugar Mill Prices – 30 SEPTEMBER 2020
Top 5 News
Soy Meal (CBT) – Trading in a Range ($330 - $349) / Mor...
Sugar (LIFFE) – Testing a Potential Resistance Zone ($3...
Soy Complex – Soybeans (CBT) – Potential Range Formatio...
Sugar (ICE) – Consolidating Near Support ($13.10)
Soy Complex – Soybean Oil (CBT) – Consolidating Near Su...
Top 5 Special Reports
USD/INR (Oct ‘20) – Consolidating in a Downtrend / More...
USD/INR (Oct ‘20) – Consolidating in a Downtrend / More...
USD/INR (Oct ‘20) – Consolidating in a Downtrend / More...
CCI Gears Up For Export First Time thru Government Chan...
Weekly: Pulses Rise on Crop Damage Report, Hike In MSP
Copyright © CC Commodity Info Services LLP. All rights reserved.