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Steady Trend Prevails In Sugar, But Weaker Demand May Lead Price Fall

28 Nov 2020 5:17 pm
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NEW DELHI (Commodities control) There was almost silence in sugar market because of week and month end. Bank holiday also lead to standstill in the trade. Sugar prices remained stable in across the market. Mostly did not open sugar sale or auction due to bank holiday.



A Delhi trader told that demand was very weak. Lower demand also dampens market sentiment. Lower quota of 21.5 lakh MT should push up prices but weak demand can lead prices in negative zone. In Uttar Pradesh, mostly sugar mills did not change sale price. Current weaker demand will force millers to reduce prices. Khatouli mills was exception to reduce sale price on week end.


Market

Grade

28-Nov

27-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

3216-3292

0

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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