Market Update Sugarcane: India Agriculture resource center - Indiaagronet

Sugar exports to get freight subsidy

Sugar export freight subsidy has been worked out, under which government will provide reimbursement of the expenses for transporting sugar from mill to port. The reimbursement has three components of Rs 1.30 per tonne per km for transporting sugar from mill to the railway station, freight charges by the shortest rail route from the mill to port town and another Rs 1.30 per tonne for taking sugar from port town railway station to actual port.

(Courtesy-The Economic Times, 22 June)

Sugar slips

Prices of small sugar (S-30) eased marginally on the Vashi wholesale market on lack of retail demand. The higher than usual arrivals from producing centres also affected sentiment. However, medium grade sugar (M-30) moved in a narrow range and closed with changes in both sides. Sugar S-30 dropped Rs 15 per quintal. Sugar M-30 was offered at Rs 1,400/1,480. Check-post delivery sugar steady at Rs 1,325/1,355 a quintal for the S-30 grade and Rs 1,370/1,405 for the M-30 grade.

(Courtsey: The Economic Times)

Sugar recovers on fresh demand

A firm to steady trend was noticed on the Vashi wholesale sugar market. Prices of small grade sugar improved marginally on fresh demand from retailers while medium grade sugar moved in a narrow range. Small sugar quality (S-30) looked up to Rs 1,340/1,400 per quintal from the last close of Rs 1,340/1,390. The medium sugar quality (M-30) closed at Rs 1,395/1,485 per quintal as against the previous close of Rs 1,400/1,480. Sugar prices for check-post delivery were quoted lower at Rs 1,325/1,350 a quintal for the S-30 and Rs 1,370/1,405 for M-30. Ex-mill delivery sugar also suffered due to lack of demand and was quoted as under: Small quality Rs 1,275/1,300, medium quality Rs 1,320/1,355.

(Courtsey: The Economic Times)

Supply glut hits sugar industry profits

Unprecedentedly high sugar production in the country during the past three years has resulted in the industry losing more than Rs 2,000 crore because of a sustained decline in prices. This estimate is based on erosion in price since April ’01, and would work out substantially high when the avoidable cost of carrying huge unsold stocks is taken into account. The monthly average sugar price in the country has recorded a decline from Rs 1,425 a quintal in April ’01 to Rs 1,265 at present, which is almost on par with the issue price under the public distribution system.

(Courtsey: The Economic Times)

Sugar up

Prices of medium sugar advanced further on the Vashi wholesale market on fresh demand from retailers. However, small sugar moved in a narrow range and closed with minor changes in either side. Medium sugar quality (M-30) inched up by Rs 5 per quintal to Rs 1,405/1,475 from the overnight closing levels of Rs 1,400/1,475. However, small sugar quality (S-30) was traded at Rs 1,333/1,392 per quintal.

Sugar prices for ex-miller deliveries fared better and were quoted as under: 1,275/1,305 for the S-30 grade and Rs 1,320/1,365 a quintal for the M-30 grade on small to moderate activity.

(Courtsey: The Economic Times)

Sugar may dive further as quotas flood market

As the peak demand period of summer comes to an end and the monsoon approaches, it is time for sugar quotas flooding the markets. Releasing too late in the season that the total free-sale release for the current quarter (April-June) was lower, the Union food, civil supplies and public distribution ministry has now flooded the market with an additional quota of nearly 1.37 lakh tonnes. After favouring Tamil Nadu mills with an advance release of 42,000 tonnes and 22,500 tonnes for the UP mills, now the ministry has come out with further release of 72,500 tonnes of such quotas to various other states, which includes a total advance release of 25,500 tonnes for Maharashtra, 13,500 tonnes for UP, 10,500 tonnes for Haryana, 10,000 tonnes for Karnataka, 6,500 tonnes for AP, 5,500 tonnes for Gujrat and 1,000 tonnes for Tamil Nadu.

(Courtsey: The Economic Times)

Sugar output falls 15% in April

Country’s sugar output for April this year has fallen to 15.8 lakh tonnes from 18.5 lakh tonnes in the same month last year, registering a fall of 14.6%. As a result total output during the current season has been pegged at 176.1 lakh tonnes against 176.8 lakh tonnes during corresponding period last year, according to National Federation of Co-operative Sugar Factories and Indian Sugar Mills Association. There have been no exports in April this year while dispatches from factories for internal consumption have been 11.5 lakh tonnes compared to 11.9 lakh tonnes in April ’01.

(Courtsey: The Economic Times)

Sugar prices witness divergent trends

A divergent trend was noticed on the Vashi wholesale market as medium sugar moved up on fresh demand from retailers and small sugar lost ground on thin demand. Medium sugar quality (M-30) moved up to Rs 1,390/1,474 per quintal from the last weekend level of Rs 1,390/1,470. However, small sugar quality (S-30) eased to Rs 1,330/1,385 per quintal from Rs 1,330/1,390.

(Courtsey: The Economic Times)

Sugar slips

Prices of small sugar declined further on the Vashi wholesale market due to poor offtake coupled with increased offerings from mills. Small sugar quality (S-30) eased further by Rs 5/6 per quintal to Rs 1,325/1,394 from the overnight closing level of Rs 1,330/1,400. Medium sugar quality (M-30) closed unchanged at Rs 1,400/1,475 per quintal.

(Courtsey: The Economic Times)

Sugar dips

Sugar prices of both qualities declined marginally on the Vashi wholesale market on paucity of demand from retailers amidst normal supply. Small sugar quality (S-30) slipped to Rs 1,330/1,400 per quintal from the overnight close of Rs 1,335/1,400. Medium sugar quality (M-30) also edged down to Rs 1,400/1,475 per quintal from Rs 1,400/1,480 previously.

(Courtsey: The Economic Times)

Sugar divergent

A firm to steady trend was noticed in sugar prices on the Vashi wholesale sugar market. Small quality sugar improved marginally on good demand, while medium quality remained flat on small bout of trading. Small quality sugar (S-30) rose to Rs 1,335/1,395. Medium quality (M-30) held steady at the previous day’s level of Rs 1,400/1,480 a quintal.

(Courtsey: The Economic Times)

Sugar Corp banks on price edge to push exports biz

The Indian Sugar Exim Corporation is banking heavily on a possible $20 per tonne advantage in exports to boost business. This, too, at a time when the domestic industry is suffering from acute over production. The Corporation is awaiting the government’s clearance for reimbursement of mill to port freight charges. These charges, which will work out to an approximate freight, cost advantage of $10 per tonne. Another $10 is expected in rail transport charges to key export destinations, for the Indian sugar industry at least, such as neighboring Dhaka.

(Courtsey: The Economic Times)

Sugar tumbles

Sugar prices continued to drift lower for the fifth day in a row on the Vashi wholesale market due to paucity of demand coupled with higher-then-usual arrivals from sugar mills. The market sentiment was sluggish. Small sugar quality (S-30) was quoted lower at Rs 1,333/1,400 a quintal as against the previous close of Rs 1,335/1,400. Medium sugar quality (M-30) also declined further by Rs 5 a quintal to Rs 1,390/1,472 from the overnight closing levels of Rs 1,395/1,472.

(Courtsey: The Economic Times)

Centre plans action on levy sugar in state

The centre will take necessary action over the issue of unlifted levy sugar stocks of 4.4 lakh tonnes in Maharashtra to improve the liquidity position of the farmers and millers. An assurance to this effect has been given by the Union food ministry to the Shiv Sena MLC Kanhayalal Gidwani while asking him to furnish details of unlifted levy sugar.

(Courtsey: The Economic Times)

Sugar declines

An easy trend in sugar prices characterised the trading on the Vashi wholesale market on paucity of demand from retailers. Small sugar quality (S-30) eased to Rs 1,350/1,410 per quintal from the last weekend level of Rs 1,350/1,411. Medium sugar quality (M-30) also dropped Rs 5 per quintal to Rs 1,400/1,475 from the previous closing mark of Rs 1,405/1,480.

(Courtsey: The Economic Times)

Sugar drifts further

Sugar prices continues to drifted lower on the Vashi wholesale market on lack of demand from retailers and bulk consumers. The higher than unusual supply from sugar mills also hurt the sentiment. Small sugar quality (S-30) moved down by Rs 3/ 4 per quintal to Rs 1,362/1,421 from the last closing mark of Rs 1,365/1,426. Medium sugar quality (M-30) also edged down by Rs 2 per quintal to Rs 1,415/1,483 from the previous close of Rs 1,415/1,485.

(Courtsey: The Economic Times)

Sugar dips further

An easy condition marked the trading on the Vashi wholesale sugar market. Prices of both grades of sugar eased further due to lack of buying interest. Persistent arrivals from mills also hurt the sentiment. Small sugar quantity (S-30) fell to Rs 1,365/1,426 a quintal from the last weekend level of Rs 1,370/1,431. Medium sugar quality (M-30) also edged down to Rs 1,415/1,485 a quintal from Rs 1,420/1,490 previously.

(Courtsey: The Economic Times)

Co-ops seek Rs 300 cr. to up sugarcane production

Maharashtra Rajya Sahakari Sakhar Karkhana Sangh has sought Rs 250 crore to Rs 300 crore from the state government for increasing sugarcane production in the state, and has demanded a freeze on new factories for the next 5 years. The state is expected to take decisions soon on various issues including the funding for cane development and formation of permanent fund at state level, on the lines of Sugar Development Fund (SDF).

(Courtsey: The Economic Times)

Sugar mills’ dues

The Uttar Pradesh government has decided to initiate action against the sugar mills which are purchasing sugarcane direct from farmers on cash payment without any sanction, state minister for cane development said.

(Courtsey: The Economic Times)

After TN, now it’s UP’s turn to get more sugar

After Tamil Nadu, it is now the turn of Uttar Pradesh to receive a major portion of the additional sugar quota of 22,500 tonnes released by the Union ministry of consumer affairs and public distribution.

(Courtsey: The Economic Times)

Sugar slips

Prices ruled easy on the Vashi wholesale sugar market due to poor buying interest amidst normal arrivals from producing centres. Small sugar quality (S-30) fell to Rs. 1,385/1,443 per quintal from Rs 1,388/1,443, while medium sugar quality (M-30) declined to Rs. 1,440/1,503 per quintal from the overnight closing level of Rs 1,445/1,503 on poor offtake. Sugar prices for check-post also ruled lower on lack of buying interest and were quoted as under: small quality Rs 1,365/1,405 and medium quality Rs 1,400/1,460 a quintal respectively. Similarly, sugar prices for ex-mill delivers edged down on paucity of demand and were quoted as under: small quality Rs 1,325/1,340 and medium quality Rs 1,350/1,370 a quintal respectively.

(Courtsey: The Economic Times)

Tamil Nadu sugar mills bag 80% of additional quota

The Union ministry of consumer affairs and public distribution has allocated an additional quota of 41,000 tonnes of sugar called ‘Advance release quota’, of which 33,500 tonnes have gone to sugar mills in TN, while the remaining 7,500 tonnes have been offered in quotas of 500 and 1,000 tonnes to Bihar, UP, Maharashtra, Karnataka, Punjab and Goa.

(Courtsey: The Economic Times)

Sugar struggles

A subdued tendency was noticed in sugar prices at the Vashi wholesale sugar market in Navi Mumbai on poor demand amidst increased offerings from stockists. Small grade sugar (S-30) eased by Rs 10 to Rs 1,390/1,437 from the last close of Rs 1,400/1,437. Similarly, prices of medium grade (M-30) fell to Rs 1,445/1,500 a quintal against the previous closing mark of 1,450/1,500 on continued selling pressure from stockists. Prices for ex-mill category also met the resistance at the higher level and closed lower at Rs 1,330/1,345 for the S-30 grade and Rs 1,370/1,390 for the M-30 grade, respectively. So did the check-post sugar and were quoted as under: small quality Rs 1,380/1,410 and medium quality Rs 1,410/1,450 respectively on lack of buying enquiries.

(Courtsey: The Economic Times)

Sugar gets first bonded warehouse in Colombo

The Sugar industry finds new ways to beat the heat with a first-ever bonded warehouse in Colombo and lucrative contracts from Iraq as international futures outprice India for the next one year and the promised freight subsidy is nowhere in sight. Keeping sugar in a Colombo bonded warehouse will help India gain direct access to lucrative markets like Afghanistan, which are at present barred because Pakistan has refused to allow movement of cargo. Other markets of South East Asia will also be more easily accessible as Colombo is on one of the major container sea routes in this part of the world. The bonded warehouse has been established by Isgiec, the sugar industry’s export-import arm. Initially, a 5,000 tonne warehouse has been guaranteed by Sri Lankan authorities. The new moves would be particularly useful for companies in the North, which are otherwise unable to access the export market.

(Courtsey: The Economic Times)

Lower mills’ quota not to affect sugar supply to PDS

Even as the levy quota of sugar mills has been brought down to 10% from March ’02, it will have no immediate impact on the supply of sugar through public distribution system since the government has enough stock of levy sugar carried over from the previous year.

(Courtsey: The Economic Times)

Sugar exporter face not-so-sweet prospects

Falling global prices and rising cost of sugar production are dimming India’s chances of achieving a higher export target this year. Market experts attribute the fall in global prices to Brazil, a major producer and exporter of sugar that is pushing at least 50% of its production into the world market. The prices have been coming down steadily, especially in the first quarter of the sugar year October-September. As against two million tonnes of exports last year, Brazil is expected to push 11m tonnes during ‘02-03.

(Courtsey: The Economic Times)

Maharashtra sugar co-operatives to set new trend

Sugar cooperatives in Maharashtra are now moving towards reducing the proportion of sugar they produce and instead, opting for conversion of cane juice into ethanol to a substantial extent. Ethanol is currently being touted as the best means to reduce import bills on petroleum products. The cooperatives use the secondary cane juice to produce ethanol instead of depending entirely on molasses as the raw material. This is the first time some 30 cooperatives -about a fifth of all sugar factories in the state-are to shift to this route.

(Courtsey: The Hindu)

Co-operatives cut pre-season sugar loans by 33%

The states powerful sugar co-operatives are slated to face a 33% cut in their pre-season credit drawals. This is part of a phased reduction in this line of credit, which is set for eventual abolition in three years. The move is believed to be a fallout of Nabard’s view last season that the state government guarantee lending by district co-operative banks to SSKs. Sugar co-operative in the state get a pre-season credit for the harvesting and transport of cane activities ranging between Rs 2.5-3 crore per sugar co-operative with a crushing capacity of 1,250 tonnes per day. Roughly 100 SSKs (sahakari sakhar karkhanas - co-operative sugar factories) avail an annual total credit disbursal between Rs 300-400 crore.

(Courtsey: The Economic Times)

Sick SSKs seek succour

The sugar co-operatives are set for a major upheaval. The Madhav Godbole committee is believed to have identified 48 SSKs as ‘sick’ and thee state government has declared it will liquidate 14 SSKs, with 28 more set to follow. Under these circumstances, octogenarian Nagnath Anna Naikawde has offered to take on the challenge of running these ‘sick’ units.

(Courtsey: The Economic Times)

Sugar closes lower

An easy trend continued to rule on the Vashi wholesales market as prices of both grades of sugar remained under pressure due to lack of demand. Small grade sugar (S-30) was quoted at Rs 1,400/1,435 a quintal against the last close of Rs 1,410/1,432. Medium grade sugar (M-30) declined by Rs 5 to Rs 1,445/1,510 against the last close of Rs 1,450/1,515. Sugar prices for check-post deliveries were quoted lower at Rs 1,395/1,410 a quintal for the S-30 grade and Rs 1,425/1,450 a quintal for the M-30 grade. Sugar prices for ex-mill deliveries also lost support due to thin response from bulk consumers and were quoted as under: small quality Rs 1,345/1,360 and medium quality Rs 1,375/1,405 respectively.

(Courtsey: The Economic Times)

Sugar slips further

An easy trend prevailed on the Vashi wholesale sugar market as prices of both grades of sugar lost support on increased offerings from stockists. Small grade sugar fell by Rs 13 to Rs 1,410/1,432 from the overnight closing mark of Rs 1,410/1,445 a quintal on weak demand amidst higher arrivals. Medium grade sugar (M-30), in a similar way edged down by Rs 5/10 too Rs 1,450/1,515 against the previous close of Rs 1,460/1,520.

(Courtsey: The Economic Times)

Sugar fails to lift buying spirit in Vashi

A steady trend was noticed on the Vashi wholesale sugar market on 11th April. Prices of both grades of sugar consolidated at the lower level on small bout of activity. Small grade sugar (S-30) remained unaltered at Rs 1,410/1,445 a quintal, whereas medium grade (M-30) was quoted at Rs 1,460/1,520 against the last close of Rs 1,450/1,525.

(Courtsey: The Economic Times)

Sugar mixed

A mixed trend was noticed on the Vashi wholesale sugar market. Small grade sugar (S-30) fell to Rs. 1,415/1,445 a quintal against the last close to Rs. 1,417/1,455. Medium grade sugar (M-30) was traded Rs. 10 higher at Rs. 1,455/1,515 a quintal against the previous close of Rs. 1,460/1,515.

(Courtsey: The Economic Times)

Sugar steady

Sugar prices showed a steady tendency on the Vashi wholesale sugar market. The usual month beginning demand are still from reality and hence trading volume remained low, Small grade sugar (S-30) was sought at RS 1,420/1,455 a quintal against the last close of Rs 1,415/1,455 a quintal. Medium grade sugar (M-30) improved marginally at the fag end and closed higher at Rs. 1,455/1,525 against the overnight closing level of Rs 1,460/1,525 a quintal.

(Courtsey: The Economic Times)

Sugar edges higher

Prices of small quality sugar improved further on the Vashi wholesale sugar market. Medium quality sugar, however, met buyers’ resistance at higher levels and closed lower. In spot, small grade sugar(S-30) rose by Rs 5 to Rs 1,415/1,455 a quintal. Medium grade sugar (M-30) declined to Rs 1,460/1,515 a quintal. Check-post delivery sugar S-30 was quoted higher at Rs 1,405/1,425 a quintal and M-30 at Rs 1,445/1,470. Exmill delivery sugar S-30 was quoted at Rs 1,355/1,375 a quintal and M-30 at Rs 1,395/1,420.

(Courtsey: The Economic Times)

Sugar dips

Sugar prices declined on the Vashi wholesale sugar market on increased offerings from stockists. Small grade sugar(S-30) fell to Rs 1410/1445 a quintal from the last close of Rs 1415/1455. So did the medium grade (M-30) at Rs 1455/1520 a quintal against the previous close of Rs 1465/1530. Sugar prices for check-post delivery were quoted lower at Rs1400/1415 a quintal for the S-30 grade and Rs 1430/1460 a quintal for the M-30 grade. Sugar prices for ex-mill delivery too declined on paucity of demand and were quoted as under small quality Rs 1345/1360 and medium quality Rs 1375/1405 respectively.

(Courtsey: The Economic Times)

Sugar Fund bill introduced in LS

A bill to provide for defraying expenditure to the sugar factories on internal transport and freight charges on export of sugar was introduces in the Lok Sabha by food minister. The Sugar Development Fund bill seeks to amend the Sugar Development Fund Act of ’82.

(Courtsey: The Economic Times)

Sugar extends gains

Sugar prices improved marginally on the Vashi wholesale sugar market on fresh demand. However, the indefinite transporters’ stir is yet to make any impact on the market as traders have enough stocks. Small grade sugar(S-30) rose to Rs 1,430/1,460 a quintal against the last close of Rs 1,425/1,440. Medium grade sugar(M-30) too firmed up to Rs 1,490/1,545 a quintal from the weekend level of Rs 1,475/1,535 on good demand. Sugar prices for check-post delivery were quoted higher at Rs 1,415/1435 for the S-30 grade and Rs 1450/1480 for the M-30 grade. Sugar prices for ex-mill deliveries also improved on fresh demand and were improved on fresh demand and were quoted as under: S-30 Rs 1350/1370 and M-30 Rs 1390/1420 a quintal respectively.

(Courtsey: The Economic Times)

Sugar consolidates

Sugar prices rose marginally on the Vashi wholesale sugar market on increased demand. Small grade sugar(S-30) ruled higher at Rs 1418/1460 a quintal against the last close of Rs 1410/11460. So did the medium grade sugar (M-30) at Rs 1475/1530 a quintal against the last close of Rs 1470/1530 on better offtake.

(Courtsey: The Economic Times)

Haryana co-op sugar mills produce more

Co-operative sugar mills in Haryana crushed 244.7 lakh quintals of sugarcane and produced 22.8 lakh quintals of sugar till March 7 during the current season as against 223.8 lakh quintals sugarcane crushed and 20.9 lakh quintals sugar produced during the corresponding period of previous year.

(Courtsey: The Economic Times)

Sugar output

Mexico produced 2,528,742 tonnes of sugar in the first 17 weeks of its ‘01-02 harvest 2% more than last year, the government said. Production in the ‘01-02 harvest in general has risen even as the nation has operated for the majority of the season between one and three mills fewer than last years 60. Those mills, which the government has pledged to revamp and sell, are generating higher yields this year than they did while in the private sector. According to sugar industry committee, production in the first 124 days of the ‘00-01 harvest was 2,067,999 tonnes.

(Courtsey: The Economic Times)

Sugar output touches 9.4m tonnes

Sugar production has touched 9.4m tonnes in the first four months of the ‘01-02(October-September) season compared with nine million tonnes in the same period a year ago, the sugar industry said.

(courtsey: The Economic Times)

Sugar firms up

A firm trend was noticed on the Vashi wholesale sugar market as prices of both qualities-small and medium-improved further on hectic buying supported by lower than usual arrivals. Small grade sugar(S-3o) looked up to Rs 1,400/1,450 a quintal against the last close of Rs 1,4000/1,438. Medium grade sugar(M-30) also improved by Rs 5/10 to close at Rs 1,450/1,520 against the weekend level of Rs 1,440/1,515 on good demand.

(courtsey: The Economic Times)

Sugar output touches 9.4m tonnes

Sugar production has touched 9.4m tonnes in the first four months of the ‘01-02(October-September) season compared with nine million tonnes in the same period a year ago, the sugar industry said.

(courtsey: The Economic Times)

Sugar firms up

A firm trend was noticed on the Vashi wholesale sugar market as prices of both qualities-small and medium-improved further on hectic buying supported by lower than usual arrivals. Small grade sugar(S-3o) looked up to Rs 1,400/1,450 a quintal against the last close of Rs 1,4000/1,438. Medium grade sugar(M-30) also improved by Rs 5/10 to close at Rs 1,450/1,520 against the weekend level of Rs 1,440/1,515 on good demand.

(courtsey: The Economic Times)

Sugar eases

Sugar prices remained under pressure on the Vashi wholesale sugar market due to paucity of demand and supported by higher arrivals from producing centres.

(courtsey: The Economic Times)

Sugar looks up

Prices of both grades of sugar (small and medium) improved on better offtake amidst normal supply. Small grade sugar (S-30) rose further to Rs 1380/1430 a quintal against the last close of Rs 1365/1427. Medium grade sugar (M-30) also looked up by Rs 10 to 1440/1500 from the last close of Rs 1440/1490.

(courtsey: The Economic Times)

Sugar fluctuates

A mixed trend was noticed in sugar prices on the Vashi wholesale sugar market. Prices of small quality sugar improved marginally on good demand, while medium quality lost ground on increased arrivals. Small grade sugar(S-30) rose to Rs 1,392/1,435 a quintal against the last close of Rs 1,385/1,435. Medium grade sugar(M-30), on the other hand, declined to Rs 1,440/1,500 a quintal from the previous close of Rs 1,450/1,500.

(courtsey: The Economic Times)

Sugar prices (Dated -02-02)

A plunge in the US domestic sugar prices to nearly a two-decade low in the last two years has not been passed on to American consumers.

(courtsey: The Economic Times)

Sugar looks up (Dated -15-02-02)

Sugar prices showed a firm trend on the Vashi wholesale market here today due to shortage of ready stocks in general and medium quality in particular. Small grade sugar(S-30) rose to Rs. 1,365/1,419 a quintal against the last close of Rs. 1,360/1,420. Medium grade sugar (M-30) was sought Rs. 10 higher at Rs. 1,445/1,478 on tight supply.

(courtsey: The Economic Times)

Excise duty may be raised to Rs. 1,000/tonne from Rs. 850/tonne on Sugar(Dated - 15-02-02)

The Union finance minister is considering a proposal to hike excise duty on sugar with a view to collect additional Rs. 250 crore revenue for funding various activities of the industry. The proposal under consideration is to raise excise duty on sugar from prevailing Rs. 850 per tonne to Rs. 1,000. Earlier the excise duty was hiked from Rs. 640 to Rs. 850 in July ’91.

(courtsey:The Economic Times)

Sugar prices eased further (Dated - 5-05-01)

Sugar prices eased further on the Vashi wholesale sugar market here on Friday following increased offerings from mills amidst thin consumer demand.

News

A mixed trend witnessed in sugar prices at the Vashi wholesale sugar market here on Monday.

Sugar moved up

Small grade sugar (S-30) moved up to Rs.1, 550/1,575 a quintal against its previous close of Rs.1, 535/1,555.

Sugar is up

Small grade sugar advanced to Rs.1535/1550 a quintal from its last close of Rs.1528/1550.

Sugar under pressure

Small grade sugar (S-30) was quoted at Rs.1528/1550 a quintal against its previous level of Rs.1520/1554 a quintal.

Lower prices of sugar

Small grade sugar (S-30) ruled over an study and was offered at its previous level of Rs.1,545/1,575 a quintal on the other hand medium grade (M-30) sugar eased further due to lack of demand with modest arrivals and lost Rs.5 to Rs.1,568/1,595 a quintal from previous close of Rs.1,565/1,600. Thus sugar prices for check-post for small grade and medium grade were quoted lower at Rs.1,524/1,535 and Rs.1,550/1,560 a quintal respectively.

Easy trend in sugar market

Navi Mumbai wholesale sugar market witnessed an easy trend. Both grades eased marginally on thin demand against easy arrivals.

Indian sugar : export contract of $276/tonne

Indian trade official reported that India has signed sugar export contracts with a highest price so far of $276 per tonne freight on board (FOB).

Subsidizing sugar exports

A news agency Reported that Indian Sugar and General Industry Export–Import Corporation (ISIGIEC), has decided to subsidise exports to make it more competitive in the global market.

Sugar market : under pressure

On the Navi Mumbai wholesale sugar market, a steady to subdued trend was noticed on Monday.

Sugar industry facing problems due to import

The sugar industry this year is facing a problem of plenty. Sugar production in Maharashtra alone is expected to be much higher and touch 65 lakh tonnes against last season’s production of 53.50 lakh tonnes.

Sugar trade affected by huge imports

During the past one year, the sugar industry is facing with the problem of plenty worsened by huge imports. The industry mandarins are hoping for a growth in internal consumption to sustain demand and sales at least at current levels.

Sugar improved trends

On the Navi Mumbai wholesale sugar market, sugar prices firmed up following fresh demand from consumers. The lower-than-expected arrivals also aided the sentiment.

Mixed trends : Sugar

On Monday, a mixed trend was witnessed on the Navi Mumbai wholesale sugar market.

Sugar mills positively responded to export tenders

Indian sugar mills have responded positively to the tenders invited by the Indian Sugar and General Industry Export Import Corporation (ISFIEIC) for export in order to reduce the bulging stock of sugar.

Small quality sugar edged up

On Monday mixed trend was noticed on the Navi Mumbai wholesale sugar market. On one hand, small quality sugar edged up marginally on good demand and on the other, medium qualities declined due to increased offerings.

Sugar extends gains

On the Navi Mumbai wholesale sugar market, a firm trend continued to rule on Friday as both prices of both small and medium qualities sugar improved further on persistent demand from retailers amidst tight supply position.

Sugar firm market extends

Dealers reported that due to incessant rains and disrupted the trucks movements a firm trend continued to rule on the Navi mumbai wholesale sugar market on Tuesday.

Sugar market trends

In Navi Mumbai wholesale sugar market a firm trend was noticed on Monday. Prices of both qualities of sugar improved marginally on thin supply.

A modest increase in sugar prices

In Navi Mumbai wholesale sugar market a modest increase in sugar prices provided the main feature of trading on Thursday.

Mixed sugar trends

On Wednesday a mixed trend was witnessed in the Navi Mumbai wholesale sugar market. The trading activity got disruption as heavy rains continued to lash the metropolis.

Sugar prices remain firm

On Monday a steady sugar trend was witnessed in Navi Mumbai wholesale sugar market. It is reported that the trading volume was thin due heavy downpour throughout the day.

Sugar buffer stock as exports reflux

Declined sugar export has forced sugar industry to demand creation of a sugar buffer stock of 2-2.5m tonnes. Sugar output in the country is expected to touch 18.2m tonnes as against 15.4m tonnes produced last year.

A modest decline in Sugar

In the Navi Mumbai wholesale sugar market a modest decline in sugar prices marked the main feature of trading.

Sugar steady trends

In the Navi Mumbai wholesale sugar market a firm trend continued. However, market which witnessed brisk activity in morning, ended as a dull affair, sources said.

Release of free sale sugar quota by Govt.

Release of lower (Smaller than expected) free sale sugar quota by Union government for the quarter beginning July has pushed up prices further by around Rs, 300 per tonne as reported.

Sugar upward trends

In the wholesale sugar market of Navi Mumbai an upward-to-steady trend was witnessed on Monday.

Estimated Sugar production

The report from FAO i.e. Food and Agriculture Organisation stated that the global sugar production is estimated to have risen more than two per cent year-on-year to 134.3 million tonnes (raw value) in 1999/2000.

Sugar futures roared higher

According to traders sugar futures roared higher on trade short covering with sellers reluctant to come forward because they expected higher prices.

Steady Sugar trends

In the Navi Mumbai wholesale sugar market, a firm trend was noticed. Prices of both grades of sugar improved on better demand amidst poor arrivals.

India: world’s largest sugarcane producer

During the crop year ‘99-00, India is expected to emerge as the world’s largest producer or sugarcane.

Sugar market

The Delhi market sources reported that touching sugar prices to $231 a tonne in London and in view of release of sugar to neighboring states, prices in national market ruled firm.

Levy exemption for sugar export

The Center is decided to exempt private sugar mills from levy obligations for sugar exports of up to one million tonnes of sugar but trade officials said the move was not enough to make exports viable at current global prices.

Sugar mixed market Trends

In the wholesale sugar market of Navi Mumbai a mixed trend was noticed on Monday. Small qualities of sugar rose marginally due to fresh demand amid normal supply position.

Sugar falls

The wholesale sugar market of Navi Mumbai reported that a subdued trend was witnessed on Friday.

Steady market trends of Sugar

In the wholesale sugar market of Navi Mumbai a steady trend was witnessed in sugar prices on Monday. Both grades of sugar-small and medium remained unmoved amid normal supply position.

World’s sugar production trends

It is forecasted that there is drop in world raw sugar production in the year 2000-01.The US agriculture department reported that world’s raw sugar production is suppose to drop 6% in 2000-01 to 124.4m matric tonne, ending the longest run of annual increases since the 1960s.

Mixed trend in Sugar

In the Navi Mumbai wholesale sugar market a mixed trend was observed in sugar prices. Prices of small grade sugar advanced further on good demand amid normal supply position.

Steady trend in Sugar market

A firm steady trend was noticed on the Navi Mumbai wholesale sugar market on Wednesday, 24 May 2000, as both grades of sugar recovered partially on fresh buying amidst normal deliveries.

Steady Sugar prices

At the Navi Mumbai wholesale sugar market a steady condition was noticed here on Tuesday, 23 May 2000. Both grades of sugar hovered around at their previous levels due to poor demand amidst easy arrivals.

Sugar down trends

Though sugar industry was planning to export sugar to Sri Lanka, yet in the absence of confirmation by the government, upcountry demand in sugar remained sluggish.

Steady to subdued trend in Sugar prices

In sugar prices a steady to subdued trend was noticed on the Navi Mumbai wholesale sugar market. Small grade sugar (S-30) declined to Rs.1,378/1,415 a quintal against its last closing level of Rs.1,424/1,485.

Sugar falls in market

The local level sugar prices and upcountry buying support settled at lower level. The traders stated that the pressure on the market is from nine lakh tonnes released for open sales for the current month.

No Import of Sugar from Pakistan

India has decided not to import sugar from Pakistan after June 1999, the Rajya Sabha was informed on Friday. In a written reply, it is stated that the last consignment of sugar arrived from Pakistan at Rail Cargo, Amritsar Customs, on June 19 last year. During ’97-98 and ’98-99, India imported 33,226m tonnes and 5,79,073m tonnes of sugar respectively from Pakistan.

Low Sugar prices in market

Despite procurement of 8,000/10,000 bags of sugar by local and UP parties, mill delivery sugar Mawana fell by Rs 10 at Rs 1,522 a quintal on selling pressure. Mill delivery sugar Modi was traded at Rs 1,425, Simbhaoli Rs 1,436 and Asmoli at Rs 1,408 a quintal. Ggur flared up by Rs 50 at Rs 1,200/1,250 a quintal amidst tight supply.

Release of Additional Freesale SugarQuota

Sugar prices crashed by Rs. 400-500 a tonne today as the trade and industry sources get panicky with the government decision to release 86,000 tonne additional freesale quota for the current month.

Sugar market trend

A subdued-to little improved trend was noticed in sugar prices regarding quota and mill delivery sugar,as reported by market sources. On higher prices quoted by the millers for new quota sugar, mill delivery sugar Mawana improved by Rs 5 at Rs 1,570 a quintal. Chandpur sugar was traded at Rs. 1,415, Amroha Rs. 1,430, Douralla Rs. 1,480 and Simbhauli Rs 1,465 a quintal,as it is reported from Delhi market sources.

Low sugar demand in markets

An easy to subdued trend was noticed on the Navi Mumbai wholesale sugar market here on today as both grades suffered a set back due to lack of demand.

Market price trend of sugar

An easy-to subdued trend continued at Turbhe, Navi Mumbai. Both the grades of sugar ruled subdued. A dull demand led to weak trend in sugar prices.

Import of Sugar

With the Union government making sincere efforts to curb excessive sugar imports at heavily subsidised rates and providing a level playing field to indigenous sugar producers, the beleaguered Indian sugar industry hopes to recover from its present plight.

Gains in Medium Grade Sugar

A divergent trend continued to prevail on the Navi Mumbai wholesale sugar market here on Wednesday.

Stability in sugar price

In last week same import, export of sugar leads to no change in price. Demand for sugar from local & state levels is good. In different states like Gujarat, Rajasthan, M.P. the demand for sugar is increasing.

Current price rate for sugar is Rs. 1120/quintal.

Loss of Sugar Factories in Kolhapur District

The combined effect of large quantity of imports of sugar, declining prices of sugar in the domestic market, rising wages of labour harvesting sugarcane and factory workers during the year 1998-99 have adversely affected the working of the factories in Kolhapur district. There was a decline in prices of sugarcane paid to farmers by Rs. 60 to Rs.225. There was a price difference of Rs.200 per tonne in two sugar factories therefore; there was a loss of about Rs. 2.5 crores.

The Central Govt. has not lifted the quote of levy sugar and therefore the stocks are lying in godowns locking the funds. The sugar factories were accepting permanent deposits from cane growers and this money was available to the sugar factories for expenditure. But now Maharashtra govt. has directed the factories to return this amount to the growers. Therefore, the factories are facing the difficulties for funds and they have no other alternatives but to borrow loans from the banks. This will adversely affect cane prices to be paid to the growers and they will get less prices.

Market Update (Sugarcane)