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)