Sudden rally in domestic prices on apprehension about production drop in the next year has made export of sugar less lucrative . At present global prices are ruling lower than the domestic rates.A 40 percent drop in sugar production is expected in the coming crushing season in India's Maharashtra, one of the major producer of sugar, because of drought and use of sugarcane as fodder.Sugar futures in...
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Sugar futures gained almost Rs 10 per quintal today on the hopes of fresh sugar exports from India by the next month.As per latest announcement by Indian Food Minister, India is likely to allow fresh sugar exports by the end of October. India will export around 50000 tonnes at the initial stage while rest of 50000 tonnes will be allowed during the November month.Therefore, possibility of sugar exports...
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Shares of six sugar companies advanced today by 0.91 per cent to 3.61 per cent at the Bombay Stock Exchange (BSE) today, as world sugar prices rose.The scrips that rose were Shree Renuka Sugars, up by 3.61 per cent, Bajaj Hindusthan by 2.90 per cent, Balrampur Chini Mills by 2.05 per cent, Simbhaoli Sugars India by 1.36 per cent and E.I.D.White sugar futures hit a record peak in London yesterday and...
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Business News, India's sugar output, Indian Sugar Mills Association, ISMA, Maharashtra, Karnataka, Uttar Pradesh, Indian Meteorological Department,India's sugar output is likely to drop by one million tonne to 25 million tonnes in the marketing year beginning Oct 1 due to poor rainfall in key producing states, especially Maharashtra and Karnataka, the Indian Sugar Mills Association (ISMA) said today.Sugar...
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Barring medium grade, Sugar prices remained flat today following scattered demand from industrial users, traders at the Bombay Sugar Merchants' Association (BSMA) sources said.Medium grade sugar rose by Rs 15 per quintal on improved demand from local dealers, traders said.In ex-mill grade both, small and medium grade sugar remained unaltered, traders added.Following are the spot rates of sugar per...
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Cooperative Sugar mill during this crushing season had set up a new record by achieving 10.60 per cent sugar recovery in the past two days.Giving details about achievements made by mill in sugar production, MD Ranjeet Kaur said here today that this season the mill had crushed 28.31 lakh sugar cane and produced 2,50,200 quintal sugar and the recovery rate remained at 8.96 per cent.Last year the mill...
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9 : Wholesale sugar prices moved up today due to good demand from industrial users, traders at the Bombay Sugar Merchant Association said.Small and medium grade sugar rate advanced by Rs 5 and Rs 21 per quintal respectively following better demand from stockists.In ex-mill grade, small grade sugar rallied by Rs 20 per quintal on lesser stock supply from industrial users while medium grade sugar declined...
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Wholesale sugar prices fell further today due to sluggish demand from stockists, traders at the Bombay Sugar Merchants' Association (BSMA) said.Medium grade sugar eased by Rs 15 per quintal on thin demand from industrial users, traders said.In ex-mill grade, Small and Medium grade sugar declined by Rs 10 per quintal each, they added.Following are the spot rates of sugar per quintal, Small grade Rs...
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Wholesale sugar prices moved up today due to better demand from industrial users, traders at the Bombay Sugar Merchants Association (BSMA) said.Small and Medium grade sugar rose by Rs 14 and Rs 9 per quintal respectively on good demand from stockists, traders said.In ex-mill grade, Small and Medium grade sugar increased by Rs 10 per quintal each, traders added.Following are the spot rates of sugar...
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Mumbai, Ju1 13 : Wholesale sugar prices advanced further today owing to sustained demand from stockists, traders at the Bombay Sugar Merchant Association said.Small grade sugar rate surged by Rs 21 per quintal on better demand from stockists while medium grade sugar declined by Rs 10 per quintal on sluggish demand, traders said.In ex-mill grade, small and medium grade sugar rose by Rs 10 and Rs 50...
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