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Steady Trend Prevails In Sugar, Market To React Tomorrow On Monthly Quota

27 Nov 2020 6:28 pm
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NEW DELHI (Commodities control) Sugar prices remained steady in across market barring Mumbai Vashi where S grade sugar slipped Rs. 10 per quintal. The market was waiting for sugar quota which was release in evening. The government has released sugar quota of 21.5 lakh MT for December.



December quota of 21.5 lakh MT was considered lower quota than market expectation. Traders expected quota of at least 22 lakh MT. As per market expectation, the prices would move up if the government release quota of 22 lakh MT or lower quota.



A trader from Delhi Mr. Sushil Agrawal told that the quota was release in evening when trading was getting over. Millers will react on Saturday in term of sugar pricing. Trade sources expected that millers will increase sugar prices so market prices will move up in the days to come. However, 21.5 lakh MT sugar quota should not be considered lower as it was equal to December, 2019 quota and demand remained depressed this year.


Market

Grade

27-Nov

26-Nov

Change

Delhi

M-31

3560-3680

3560-3680

0

(Including GST)

S-31

3540-3660

3540-3660

0

Muzaffarnagar (UP)

M-31

3540-3650

3540-3650

0

(Including GST)

S-31

3520-3630

3520-3630

0

Kanpur (UP)

M-31

3560-3680

3560-3680

0

(Including GST)

S-31

3540-3660

3540-3660

0

Mumbai-Vashi

M-30

3272-3502

3272-3502

0

GST Extra

S-30

3216-3292

3220-3302

-10

Mumbai-Naka

M-30

3205-3305

3205-3305

0

GST Extra

S-30

3145-3205

3145-3205

0

Kolhapur (Maha)

M-30

3150-3210

3150-3210

0

GST Extra

S-30

3110-3130

3110-3130

0

Hyderabad (Tel.)

M-30

3210-3230

3210-3230

0

GST Extra

S-30

3180-3210

3180-3210

0

Bangaluru (Ktk)

M-30

3230-3250

3230-3250

0

GST Extra

S-30

3190-3225

3190-3225

0

Chennai (TN)

M-30

3325-3350

3325-3350

0

GST Extra

S-30

3300-3325

3300-3325

0

Kolkata Ex-Rly Siding

M-30

3620-3630

3620-3630

0

(Including GST)

S-30

3570-3580

3570-3580

0

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


       
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