Login ID:
Partner Login
Contact Us : 7066511911

Sugar prices stay steady in Mumbai, govt restricts export to curb domestic prices

25 May 2022 1:31 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, 25 May (Commoditiescontrol) Sugar prices extended its steady trend for a third consecutive day on Wednesday. Meanwhile, the Centre has imposed restrictions on sugar exports up to 100 lakhs metric tonnes (LMT) from June 1, 2022, to maintain domestic availability and price stability during the sugar season 2021-22 (October-September).

As per the order issued by the Directorate General of Foreign Trade (DGFT) with effect from June 1, 2022, till October 31, 2022, or till further order, whichever is earlier, the export of the sugar will be allowed with specific permission of the Directorate of Sugar under Department of Food and Public Distribution.

Secretary, Department of Food & Public Distribution, Sudhanshu Pandey said that the decision came in the light of record exports of sugar.

As per the Mumbai Sugar Merchant Association, wholesale rates of sugar were mostly the same but S-30 grade sugar traded a little lower.

S-30 grade of sugar was offered at Rs 3402-3480 per quintal while M-30 traded at Rs 3500-3680 per quintal.

Naka delivery rates of S-30 grade of sugar were at Rs 3350-3395 per quintal while rates for M-30 were at Rs 3455-3495 per quintal.

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

   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 unchanged in Mumbai
ICE sugar settles lower on Brazilian supply prospect
Sugar prices nearly flat in Mumbai
Delhi: Sugar prices fall Rs 100 per/quintal in 2 days
ICE raw sugar hits 6-week low on recession fears
Top 5 News
Week Ahead: Spice market may witness mixed trend
Chana trades unchanged at Delhi on limited mill buying
Shanghai Rubber Price 27 June, 2022
Top 5 Special Reports
Week Ahead: White Pea prices to remain range bound on l...
Week Ahead: Moong prices unlikely to see fall from curr...
Week Ahead: Kabuli Chickpea to trade on higher side ami...
Week Ahead: Chana may trade firm on increase in seasona...
Week Ahead: Masoor imports may increase as landed cost ...
Copyright © CC Commodity Info Services LLP. All rights reserved.