Login ID:
Password:
Partner Login
Contact Us : 7066511911

Sugar prices remain nearly steady

26 Nov 2022 3:37 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, Nov 26 (Commoditiescontrol) Sugar prices stayed steady in the benchmark market of Mumbai on Wednesday amid subdued demand.

Sugar exports are likely to decline to 8-8.5 million tonne1 on-year in SS 2023 from an all-time high of 11.2 million tonne last season, despite production staying stable at 39.5-40.0 million tonne. This will be largely on account of two factors: one, higher diversion of sugar for ethanol blending (4.3 million tonne in SS 2023 compared with 3.5 million tonne in SS 2022); and two, maintaining sufficient carryover stocks of sugar for domestic consumption during the noncrushing season.

Bombay Sugar Merchants’ Rates:

S-30 at Rs 3442-3562 per quintal

M-30 at Rs 3530-3682 per quintal


Naka delivery rates:

S-30 at Rs 3420-34760 per quintal

M-30 at Rs 3450-3500 per quintal


       
  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
ICE Sugar futures fall further from six-year high on do...
Sugar (ICE) Trending Higher / Next Resistance at 22.2...
Sugar (LIFFE) Counter-trend Decline / Next Support $5...
ICE Sugar futures extend fall; ends off six-year high
Sugar (LIFFE) Counter-trend Decline / Next Support $5...
more
Top 5 News
Branded processed pulses at Mumbai APMC market- 7th Feb...
Kottayam/Kochi Rubber Rates 7 February , 2023
Burma Tur-Urad trades higher at Delhi; M.P Masoor exten...
Africa Tur price firm at Mumbai, Canada Masoor down in ...
Oil Spot Prices : 7-Feb-2023
Top 5 Special Reports
Cotton (Akola) Short-term Oversold / Due for a Bounce...
Rice Bran Refined Oil (Ludhiana) Trending Lower / Nex...
The Madhya Pradesh government begins the registration p...
Week Ahead: Tur to get support on mill buying despite s...
Weekly: ICE Cotton end lower this week; risk-off sentim...
Copyright © CC Commodity Info Services LLP. All rights reserved.