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Sugar Prices Stable, Market Looks For Support through Policy Intervention

19 Sep 2020 6:47 pm
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NEW DELHI (Commodities control) Sugar prices remained stable in across the markets. Demand was weak but mills were not keen to lower prices to sell their stock. A market source told that mills were waiting for government’s decision on Minimum Selling Price (MSP).


Sugar mills are waiting for MSP so they can get better price. If government approves MSP, Sugar prices will increased Rs. 200 per quintal. However, there is uncertainty over the issue. Traders said that there was no support from demand side. Supply will be ample in the market. Therefore, governement’s policy will drive the market. Market will stand or fall if there is no support from policy decisions.

Market

Grade

19-Sep

18-Sep

Change

Delhi

M-31

3490-3570

3490-3570

0

(Including GST)

S-31

3470-3560

3470-3560

0

Bareilly (UP)

M-31

3465-3560

3465-3560

0

(Including GST)

S-31

3445-3540

3445-3540

0

Muzaffarnagar (UP)

M-31

3460-3550

3460-3550

0

(Including GST)

S-31

3440-3450

3440-3450

0

Kanpur (UP)

M-31

3540-3600

3540-3600

0

(Including GST)

S-31

3520-3580

3520-3580

0

Kolhapur (Maha)

M-30

3260-3300

3260-3300

0

GST Extra

S-30

3220-3250

3220-3250

0

Vashi- Mumbai

M-30

3380-3400

3380-3400

0

GST Extra

S-30

3330-3360

3330-3360

0

Naka- Mumbai

M-30

3360-3410

3355-3405

5

GST Extra

S-30

3260-3310

3255-3305

5

Kolkata Ex-Rly Siding

M-30

3620-3630

3620-3630

0

Kolkata Ex-Dankuni

S-30

3580-3590

3580-3590

0

Hyderabad (Tel)

M-30

3345-3350

3345-3350

0

GST Extra

S-30

3315-3325

3315-3325

0

Bangaluru (Ktk)

M-30

3380-3400

3380-3400

0

GST Extra

S-30

3350-3380

3350-3380

0

Chennai (TN)

M-30

3500-3520

3500-3520

0

GST Extra

S-30

3450-3470

3450-3470

0

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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