Login ID:
Password:
Partner Login
Contact Us : 7066511911

Sugar stays unchanged, demand likely to improve with ease in Covid restrictions

21 Jan 2022 9:03 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Jan 21 (Commoditiescontrol) - The prospect of relaxation in weekend curfew and other COVID restrictions in Delhi and several other states has raised hopes of improving sugar demand. However, due to sluggish demand, there is no movement in the prices. The mills are in the process of selling sugar at the previous price. Wholesale traders also did not change the price. In the southern and western states also, sugar remained stable.

With the corona cases decreasing in Delhi and the situation not getting worse in the northern states, it is expected that early outdoor activities will gain momentum again. The local government in Delhi has decided to ease the corona restrictions. Similar steps are being taken in other states as well. It is expected that hotels, restaurants and other outdoor activities will pick up. This may improve the demand for sugar. However, on Friday, the selling rates of most of the mills in Uttar Pradesh remained at the previous level. The demand in the wholesale market was very weak. Sugar prices remained at the previous level in all the wholesale markets including Delhi. Sugar consumption is sluggish due to severe winter. With the rise in temperature, the consumption of jaggery will decrease, and only then the demand for sugar will be expected to improve.

The trend of steadiness remained in the southern and western states as well. Mill rate and market price remained at the previous level. There is limited demand for sugar in the markets which is not supporting the sentiment. Sugar was sold down by Rs 10 in the wholesale markets of Mumbai. Prices remained stable at Mumbai Naka.

Raw sugar is being sold at Rs 3000-3050 per quintal and white sugar at Rs 3125-3175 per quintal for export in Maharashtra and adjoining states of the port. The price of sugar also declined in the overseas market due to the softening of crude oil. March New York ICE Raw Sugar fell 0.14 cents, or 0.7 per cent, to 18.93 cents a pound. March London White Sugar fell by $2.80, or 0.5 percent, to $507.30 a tonne.


Market

Grade

21-Jan

20-Jan

Change

Delhi

M-31

3680-3780

3680-3780

0

(Including GST)

S-31

3660-3760

3660-3760

0

Muzaffarnagar (UP)

M-31

3650-3750

3650-3750

0

(Including GST)

S-31

3630-3730

3630-3730

0

Bareilly (UP)

M-31

3660-3750

3660-3750

0

(Including GST)

S-31

3640-3730

3640-3730

0

Kanpur (UP)

M-31

3680-3780

3680-3780

0

(Including GST)

S-31

3660-3760

3660-3760

0

Mumbai-Vashi

M-30

3450-3672

3450-3682

-10

GST Extra

S-30

3332-3452

3342-3452

-10

Mumbai-Naka

M-30

3325-3495

3325-3495

0

GST Extra

S-30

3295-3340

3295-3340

0

Kolhapur (Maha)

M-30

3210-3290

3210-3290

0

GST Extra

S-30

3170-3320

3170-3320

0

Hyderabad (Tel.)

M-30

3250-3290

3250-3290

0

GST Extra

S-30

3220-3250

3220-3250

0

Bangaluru (Ktk)

M-30

3390-3440

3390-3440

0

GST Extra

S-30

3340-3390

3340-3390

0

Chennai (TN)

M-30

3510-3550

3510-3550

0

GST Extra

S-30

3450-3500

3450-3500

0

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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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 prices stay steady in Delhi
ICE Sugar end lower; strong output in India, Thailand w...
Centre to ensure availability during festival period o...
India's new sugar season to start with 62 lakh tonnes o...
Sugar prices stay steady in Mumbai, govt restricts expo...
more
Top 5 News
Cotton prices stable in Madhya Pradesh on limited buyin...
Branded processed pulses at Mumbai APMC market- 26th Ma...
Kottayam/Kochi Rubber Rates 26 May, 2022
Cotton holds steady in Maharashtra as spinning mills sh...
Malaysia Rubber Physical Prices (Sen/Kg) 26 May, 2022...
Top 5 Special Reports
Mustard Cake (Jaipur) Correction Underway / Next Supp...
Chana (Indore) Failure at Resistance (Rs. 10,500) / N...
Indonesia issues domestic sales rule for palm oil, comp...
Pigeon Pea (Akola) Inflection Point: Retesting Range ...
Castor Oil (Kadi) Limited Upside Potential: Prices Tr...
Copyright © CC Commodity Info Services LLP. All rights reserved.