Sugar struggles

A mixed trend was noticed on the Vashi wholesale sugar market. Prices of small sugar eased further due to increased supply, while medium sugar edged up on fresh demand from retailers. Small sugar quality (S-30) edged down to Rs 1,171/1,224 per quintal from the previous closing levels of Rs 1,176/1,224. However, medium sugar quality (M-30) rose to Rs 1,221/1,265 from the last close of Rs 1,220/1,265.

Courtesy: The Economic Times, November 30, '02
(Website : www.economictimes.com )

Sugar advances

Medium grade sugar (M-30) advanced further on the Vashi wholesale market on restricted supply. Sugar M-30 advanced further to Rs 1,220/1,265 per quintal as against yesterday’s closing level of Rs 1,211/1,260. Small sugar (S-30) also inched up to Rs 1,176/1,224 per quintal as compared to Rs 1,175/1,224 previously.

Courtesy: The Economic Times, November 29, '02
(Website : www.economictimes.com )

Sugar eases

Prices of small grade sugar (S-30) eased on the Vashi wholesale market on lack of retail buying support. Medium grade sugar (M-30), however, moved in a narrow range and closed with both side changes. Sugar S-30 eased by Rs 5 a quintal to Rs 1,160/1,216 while sugar M-30 was quoted at Rs 1,211/1,256 a quintal as against Rs 1,215/1,255 previously.

Courtesy: The Economic Times, November 27, '02
(Website : www.economictimes.com )

Sugar declines

Medium sugar (M-30) prices fell sharply on the Vashi wholesale market here following good supply from sugar mills. Small sugar (S-30), however, showed nominal losses. Sugar M-30 fell sharply to Rs 1,200/1,275 per quintal from the last close of Rs 1,230/1,275, while sugar S-30 eased to Rs 1,175/1,222 per quintal from Rs 1,180/1,222 previously.

Courtesy: The Economic Times, November 16, '02
(Website : www.economictimes.com )

Sugar gains

Prices of small sugar posted modest gains on the Vashi wholesale market here today on renewed demand from retailers while medium sugar showed marginal losses. Small sugar quality (S-30) rose to Rs 1,170/1,222 per quintal from the last closing levels of Rs 1,160/1,221. However, medium sugar quality (M-30) eased back to Rs 1,230/1,280 per quintal from the previous close of Rs 1,231/1,281.

Courtesy: The Economic Times, November 14, '02
(Website : www.economictimes.com )

Sugar mixed

Prices of medium sugar recovered marginally on the Vashi wholesale sugar market here today on fresh demand. Small sugar, however, eased further on increased offerings from stocks. Medium sugar quality (M-30) rose to Rs 1,231/1,281 per quintal from the last close of Rs 1,230/1,281. Small sugar quality (S-30) edged down to Rs 1,160/1,221 per quintal from Rs 1,165/1,225 previously.

Courtesy: The Economic Times, November 13, '02
(Website : www.economictimes.com )

Sugar clips

An easy trend in sugar prices remained unabated on the Vashi wholesale market in Mumbai as both the qualities of sugar declined further due to lack of demand from retailers amidst ample stock position. Small sugar quality (S-30) fell to Rs 1,165/1,225 per quintal from the previous close of Rs 1,180/1,226. Similarly, medium sugar quality (M-30) dropped Rs 10/20 a quintal to Rs 1,230/1,281 from the last weekend levels of Rs 1,240/1,301.

Courtesy: The Economic Times, November 12, '02
(Website : www.economictimes.com )

Sugar co-ops free to clear stocks at market rates

After trying to maintain the price-line for sugar in the past few weeks, the Maharashtra Sakhar Mahasangh has given a freedom to sugar cooperatives to sale their stocks at the best available price.

Courtesy: The Economic Times, November 1, '02
(Website : www.economictimes.com )

Sugar declines

Sugar ruled easy on the Vashi wholesale market in Mumbai due to increased arrivals from producing centres. The absence of sufficient demand from bulk consumers and retailers as well also hit the sentiment. Small sugar quality (S-30) eased to Rs 1,220/1,276 per quintal from the last close of Rs 1,230/1,276. Medium sugar quality (M-30) also lost Rs 18 per quintal to Rs 1,271/1,355 against the last close of Rs 1,289/1,355.

Courtesy: The Economic Times, November 1, '02
(Website : www.economictimes.com )

Sugar decontrol may be delayed: Crisil

Rating agency Crisil's research arm Cris Infac said it expects a delay in the complete decontrol of the sugar industry, which is scheduled for March ’03. The research firm said it expected a phased decontrol of the sugar industry. But with the announcement of release quota for the October-December quarter, it appears unlikely that complete decontrol would happen by March ’03, it said and added “phasing out of levy quota and release mechanism are the two important milestones towards complete decontrol of the sugar industry”.

Courtesy: The Economic Times, October 31, '02
(Website : www.economictimes.com )

Sugar looks up

A firm trend was noticed on the Vashi wholesale sugar market on good demand ahead of Diwali. Small quality sugar (S-30) shot up by Rs 21 a quintal to Rs 1,235/1,271. Similarly, medium quality sugar (M-30) improved by Rs 11 to Rs 1,291/1,351 on renewed demand from bulk consumers. Sugar prices for ex-mill delivery were quoted higher at Rs 1,205/1,235 a quintal for the S-30 grade and Rs 1,270/1,295 a quintal for the M-30 grade. Ex-mill delivery sugar was quoted as small quality Rs 1,145/1,175 and medium quality Rs 1,210/1,235 respectively.

Courtesy: The Economic Times, October 30, '02
(Website : www.economictimes.com )

Sugar gains

A firm trend marked the trading on the Vashi wholesale sugar market in Mumbai today on better offtake. The retailers were active buyers ahead of Diwali festival amidst normal supply. Small quality sugar (S-30) was traded higher at Rs 1,235/1,250 a quintal. So did the medium quality (M-30) at Rs 1,280/1,350 a quintal. Sugar prices for check-post delivery held steady at Rs 1,205/1,230 a quintal for the S-30 grade and Rs 1,260/1,280 for the M-30 grade.

Courtesy: The Economic Times, October 29, '02
(Website : www.economictimes.com )

Sugar slips

Prices of medium sugar declined on the Vashi wholesale market Mumbai today due to poor enquiries from retails and bulk consumers. Small sugar also remained under pressure and showed a mixed trend. Small sugar quality (S-30) was quoted at Rs 1,228/1,261 per quintal as compared to Rs 1,225/1,283 previously. Medium sugar quality (M-30) dropped Rs 6/25 per quintal to Rs 1,270/1,360 against the previous close Rs 1,276/1,385.

Courtesy: The Economic Times, October 26, '02
(Website : www.economictimes.com )

Centre may challenge HC sugar release order

Stung by the Bombay High Court decision to remove restrictions of free sale of sugar, Centre is considering filing an appeal in the Supreme Court to control the abysmal fall in prices of the commodity.

Courtesy: The Economic Times, October 24, '02
(Website : www.economictimes.com )

Centre may challenge HC sugar release order

Stung by the Bombay High Court decision to remove restrictions of free sale of sugar, Centre is considering filing an appeal in the Supreme Court to control the abysmal fall in prices of the commodity.

Courtesy: The Economic Times, October 23, '02
(Website : www.economictimes.com )

Sugar struggles

A divergent trend was noticed in sugar prices on the Vashi wholesale market today as medium sugar lost ground on poor demand amidst steady inflows from mills, while small sugar closed with either-side changes. Medium sugar quality (M-30) ended lower at Rs 1,281/1,400 per quintal as compared to last weekend levels of Rs 1,285/1,405. On the other hand, small sugar quality (S-30) was quoted at Rs 1,240/1,286 per quintal as against the last closing levels of Rs 1,221/1,296 on small bout of trading.

Courtesy: The Economic Times, October 22, '02
(Website : www.economictimes.com )

Sugar mixed

A marginal rise in prices of small quality sugar characterised trading on Vashi wholesale sugar market. Small grade sugar (S-30) moved up to Rs 1,236/1,301 a quintal from Rs 1,235/1,286. However, medium grade sugar eased to Rs 1,300/1,406 a quintal from Rs 1,301/1,411.

Courtesy: The Economic Times, October 19, '02
(Website : www.economictimes.com )

Sugar struggles

A mixed trend was noticed in sugar prices on the Vashi wholesale sugar market today as small sugar eased marginally on lack of buying interest, while medium sugar closed with either-side changes. Small sugar quality (S-30) eased to Rs 1,235/1,286 per quintal from the previous close of Rs 1,241/1,290. Medium sugar quality (M-30) ended at Rs 1,301/1,411 per quintal as against the last close of Rs 1,300/1,416 on small bout of demand.

Courtesy: The Economic Times, October 18, '02
(Website : www.economictimes.com )

Sri Lanka buys 6,000 tonnes sugar

Sri Lanka's Co-operatives Wholesale Establishment (CWE) brought 6,000 tonnes of white sugar from the Indian Sugar Exim Corp at $226.85 per tonne C &F at its tender on October 9, trade sources said. Delivery of half the sugar would be made in the second half of October and the remainder in the first half of November. The tender was open to members of the Refined Sugar Association of London.

Courtesy: The Economic Times, October 15, '02
(Website : www.economictimes.com )

Sugar declines

Small sugar declined on the Vashi wholesale market with ample stocks following continued mill supply. Small quality sugar S-30 dropped to Rs 1,230/1,296 per quintal from the previous close of Rs 1,250/1,306. Medium quality sugar M-30 was mixed at Rs 1,290/1,386 per quintal from Rs 1,285/1,400.

Courtesy: The Economic Times, October 15, '02
(Website : www.economictimes.com )

Co-operatives to sell sugar

Sugar cooperatives in the state appear to be keen on offloading their stocks even at lower prices their stocks even at lower prices despite an appeal by the Maharashtra Sakhar Sangh not to make distress sales.

Courtesy: The Economic Times, October 14, '02
(Website : www.economictimes.com )

Sugar dips further

Sugar prices continued to rule lower for the fifth day in row on the Vashi wholesale market today due to persistent supply from sugar mills. The lukewarm enquiries from bulk consumers and retailers also push down prices further. Small sugar quality (S-30) dropped Rs 15 a quintal to Rs 1,250/1,321 from the last closing levels of Rs 1,265/1,321. Medium sugar quality (M-30) declined to Rs 1,311/1,405 per quintal from the previous closing levels of Rs 1,325/1,408.

Courtesy: The Economic Times, October 12, '02
(Website : www.economictimes.com )

Sugar slips afresh

Sugar prices moved south further on the Vashi wholesale market due to thin demand amidst higher arrivals from mills. Small sugar quality (S-30) fell by Rs 10/20 per quintal to Rs 1,265/1,321, while medium sugar quality (M-30) declined by Rs 8/17 to Rs 1,325/1,408 per quintal

Courtesy: The Economic Times, October 11, '02
(Website : www.economictimes.com )

Sugar dips

Sugar prices declined further on the Vashi wholesale market today on higher supply from producing centres. Medium sugar quality (M-30) dropped further by Rs 9/10 per quintal to Rs 1,331/1,425 from the last closing levels of Rs 1,340/1,435. Small sugar quality (S-30) also moved down to Rs 1,275/1,341 per quintal from Tuesday’s close of Rs 1,283/1,349.

Courtesy: The Economic Times, October 10, '02
(Website : www.economictimes.com )

Sugar dec1lines

Sugar prices continued to remain under pressure on the Vashi wholesale market today due to increased arrivals from producing centres. Small sugar quality (S-30) eased to Rs 1,295/1,355 per quintal from the last closing levels of Rs 1,300/1,363, while medium sugar quality (M-30) fell to Rs 1,341/1,445 per from the last weekend levels of Rs 1,345/1,455. Sugar prices for check-post delivery eased marginally at Rs 1,270/1,310 a quintal for the S-30 grade and Rs 1,325/1,385 a quintal for the M-30 grade on poor offtake. Similarly, ex-mill delivery sugar ruled lower. Small quality sugar quoted at Rs 1,210/1,230 and medium quality at Rs 1,265/1,305 a quintal.

Courtesy: The Economic Times, October 8, '02
(Website : www.economictimes.com )

Sugar dips

An easy trend prevailed in sugar prices at the Vashi wholesale sugar market today. Prices of medium and small quantity sugar declined moderately on lack of sufficient demand amidst normal supply from sugar mills. Small sugar quantity (S-30) edged down to Rs 1,305/1,371 per quintal from the overnight closing levels of Rs 1,310/1,371. Similarly, medium sugar quality (M-30) eased to Rs 1,340/1,455 per quintal from the last close of Rs 1,360/1,455.

Courtesy: The Economic Times, October 5, '02
(Website : www.economictimes.com )

Sugar struggles

In restricted trading, sugar prices moved in a narrow range and closed with both side changes on the Vashi wholesale market on Thursday. Small sugar quality (S-30) was quoted at Rs 1,310/1,371 per quintal as against Rs 1,303/1,374 earlier.

Courtesy: The Economic Times, October 4, '02
(Website : www.economictimes.com )

Sugar steady

An overall steady condition prevailed on the Vashi wholesale sugar market in Mumbai. Prices of both the grades moved in a narrow range due to thin demand amidst restricted arrivals. Small quality sugar (S-30) held steady at Rs 1,285/1,353 a quintal, while medium quality sugar finished at Rs 1,346/1,431 a quintal on narrow movements.

Courtesy: The Economic Times, 28th September
(Website : www.economictimes.com )

Sugar dips afresh

A weak trend continued to prevails in sugar prices on the Vashi wholesale sugar market today. Both grades of sugar lost support due to poor enquiries from retailers. Small sugar quality (S-30) eased to Rs 1,300/1,354 per quintal from the previous close of Rs 1,301/1,356, while medium sugar quality (M-30) dropped Rs 8/15 per quintal to Rs 1,350/1,425 from the last closing levels of Rs 1,365/1,433.

(Courtesy: The Economic Times, September 19)

Sugar struggles

An easy trend marked the trading in sugar on Vashi wholesale market in Mumbai today as both grades lost substantially due to increased arrivals from producing centres amidst thin demand. Small sugar quality (S-30) declined by Rs 5/10 per quintal to close at Rs 1,320/1,365 from the last closing levels of Rs 1,330/1,370. Similarly, medium sugar quality (M-30) eased back to Rs 1,375/1,430 per quintal from the last weekend levels of Rs 1,376/1,445.

(Courtesy: The Economic Times, September 17)

Sugar declines

Sugar prices declined further on the Vashi wholesale sugar market in Mumbai. Both grades of sugar lost support on to lack of demand. Small quality sugar (S-30) drifted lower by Rs 10/20 a quintal to Rs 1,335/1,370 against from Rs 1,345/1,391. Medium quality sugar (M-30) also eased to Rs 1,380/1,445 a quintal from the overnight close of Rs 1,390/1,355.

(Courtesy: The Economic Times, September 14)

Sugar mixed

A mixed trend continued to rule on the Vashi wholesale market today as medium sugar improved marginally on stray demand, while small sugar ruled steady. Medium sugar quality (M-30) looked up to Rs 1,370/1,451 per quintal from the last closing levels of Rs 1,370/1,445. Small sugar quality (S-30) was quoted at Rs 1,320/1,366 per quintal.

(Courtesy: The Economic Times, September 5)

Sugar looks up

A firm trend was noticed on the Vashi wholesale sugar market today. Both grades improved following fresh demand from retailers. Small quality sugar (S-30) was offered at Rs 1,325/1,363 a quintal against the previous close of Rs 1,320/1,362. Medium quality sugar (M-30) was quoted at Rs 1,370/1,445 against Rs 1,387/1,438.

(Courtesy: The Economic Times, September 3)

Sugar mixed

A mixed trend was noticed on the Vashi wholesale sugar market. Prices of small sugar recovered on fresh demand from retailers, medium sugar eased marginally on increased offerings from stockists. Small sugar quality (S-30) firmed up to Rs 1,320/1,362 per quintal from the last closing levels of Rs 1,310/1,361, while medium sugar quality (M-30) was offered at Rs 1,370/1,4338 per quintal as against the previous close of Rs 1,386/1,435 previously.

(Courtesy- The Economic Times, August, 31)

Sugar gains

A steady to subdued trend was noticed on the Vashi wholesale sugar market. Medium quality sugar recovered marginally on fresh demand, while small quality eases further on increased offerings from millers. Medium sugar quality (M-30) improved by Rs 5/16 per quintal to Rs 1,386/1,435 against the last closing levels of Rs 1,370/1,430. However, small sugar quality (S-30) edged lower at Rs 1,310/1,361 per quintal from the overnight levels of Rs 1,320/1,361.

(Courtesy- The Economic Times, August, 30)

Sugar eases

Sugar remained under pressure on the Vashi wholesale sugar market today due to increased offerings from stockists amidst thin demand. Small sugar quality (S-30) moved in narrow range and closed at Rs 1,320/1,364 per quintal as against Rs 1,323/1,363 per quintal previously. However, medium sugar quality (M-30) declined to Rs 1,381/1,436 per quintal from the last closing levels of Rs 1,385/1,440.

(Courtesy- The Economic Times, August, 28)

Sugar mixed

A divergent trend was noticed on the Vashi wholesale sugar market due to uneven demand and supply. Small sugar quality (S-30) eased to Rs 1,323/1,363 per quintal from the last weekend levels of Rs 1,325/1,364. Medium sugar quality (M-30) was offered at Rs 1,385/1,440 per quintal against the previous closing levels of Rs 1,380/1,441.

(Courtesy- The Economic Times, August, 27)

Sena sugar demand

The Shiv Sena demanded a special festival quota of 75,000 tonne sugar per month for sale in the open market during a four-month period commencing September to prevent any artificial shortage of the commodity.

(Courtesy- The Economic Times, August, 23)

Sugar struggles

A mixed trend was observed on the Vashi wholesale sugar market. Small sugar moved in a narrow range and held steady. Medium sugar declined further on lack of buying interest. Small sugar quality (S-30) closed unaltered at Rs 1,330/1,381 per quintal, while medium sugar quality (M-30) eased by Rs 5/10 per quintal to Rs 1,380/1,451 from Rs 1,390/1,456 previously.

(Courtesy- The Economic Times, August, 21)

Sugar declines

Prices of both the qualities of sugar declined on the Vashi wholesale market on increased supply. Medium quality sugar M-30 fell to Rs 1,390/1,456 per quintal from the weekend close of Rs 1,390/1,466. While small quality sugar S-30 eased to Rs 1,330/1,381 per quintal from Rs 1,338/1,385.

(Courtesy- The Economic Times, August, 20)

Sugar declines

An easy tendency prevailed on the Vashi wholesale market in Mumbai today due to good supply of fresh stocks. Medium sugar quality (M-30) fell to Rs 1,390/1,476 per quintal from the previous close of Rs 1,390/1,501, while small sugar quality (S-30) declined to Rs 1,333/1,410 per quintal from the last close of Rs 1,345/1,415.

(Courtesy- The Economic Times, August, 17)

Sugar trade pays octroi, clears stock for Mumbai

Sugar trade at Navi Mumbai wholesale market moved most of their stock to the city by paying higher octroi duty of 2%, when the Bombay Sugar Merchants Association permitted the sale for today only. Sugar prices shot up to as high as Rs 30 per kg in Mumbai and suburb following ongoing strike by the members of the association since August 1. They stopped supply to the metropolis in protest against the hike in octroi duty from 1% to 2%. Traders get supplies from places like Kolhapur, Nashik, Karad, Pune, Sangli and Satara. But in reality, most of the city shops are facing acute shortage.

(Courtesy- The Economic Times, August, 9)

Sugar supply to improve in Mumbai City

Sugar supply in the Mumbai city is likely to improve substantially and prices may come down from the prevailing high rates of Rs 20-22 per kg to around Rs 16 at retail shops, with the Brihanmumbai Muncipal Corporation (BMC) clarifying that “Vashi APMC is not the only route for bringing sugar in the city, and it can be brought in the city from any octroi naka by paying the necessary octroi, which is 2% from August 1”. The state government is also continuously monitoring the sugar supply and price situation in the city.

(Courtesy- The Economic Times, August, 7)

Govt. opens all octroi posts for sugar

The Maharashtra government is understood to have allowed entry of sugar into Mumbai from all octroi posts, following a strike called by traders. Earlier, the government had allowed entry only through the APMC octroi in Navi Mumbai. Sugar prices in the city have gone up to Rs 18-20 per kg, following the strike call to protest a recent hike in octroi to 2% from 1% earlier.

(Courtesy- The Economic Times, Ausgust, 6)

Sugar steady

A steady trend prevailed in sugar prices on the Vashi wholesale market as both grades of sugar moved in a narrow range in absence of market-moving factors. Market sentiment was weak due to paucity of buying interest.

(Courtesy- The Economic Times, August, 2)

Sugar listless

Prices of both grades of sugar consolidated at the lower levels on the Vashi wholesale sugar market today. Small quality sugar (S-30) was traded at the previous days levels of Rs 1,310/1,361 a quintal. Medium quality sugar (M-30) also held steady at Rs 1,365/1,435 a quintal on small bout of activity. Sugar prices for check-post deliveries also ruled steady at Rs 1,295/1,310 a quintal for the S-30 grade and Rs 1,235/1,380 a quintal for the M-30 grade.

(Courtesy- The Economic Times, July, 26)

Sugar eases

Sugar prices eased further on the Vashi wholesale market today due to increased offerings from stockists and poor offtake. Small sugar quality(S-30) declined to Rs 1,310/1,361 a quintal from the last closing levels of Rs 1,310/1,365, while medium sugar quality(M-30) ruled lower at Rs 1,365/1,435 against the previous close of Rs 1,368/1,451.

(Courtesy- The Economic Times, July, 25)

Sugar mixed

Prices continued to remain under pressure on the Vashi wholesale sugar market. Small sugar eased on lack of buying interest, while medium sugar closed with eitherside changes. Small sugar quality(S-30) fell to Rs 1,310/1,365 per quintal from the previous closing levels of Rs 1,315/1,368 and medium sugar quality (M-30) closed at Rs 1,368/1,451 per quintal as against the overnight closing levels of Rs 1,375/1,445.

(Courtesy- The Economic Times, July, 24)

Sugar struggles

A mixed trend prevailed on the Vashi wholesale sugar market today as medium grade sugar declined on lack of buying interest, small grade sugar, on the hand, closed with changes on either side. Medium sugar quality (M-30) fell to Rs 1,375/1,445 per quintal from the previous closing levels of Rs 1,388/1,447 and small sugar quality (S-30) closed at Rs 1,315/1,368 per quintal as against the last closing levels of Rs 1,322/1,350.

(Courtesy- The Economic Times, July, 23)

Sugar divergent

A divergent trend continued to rule on the Vashi wholesale sugar market. Medium sugar prices eased on lack of demand from retailers. Medium sugar quality (M-30) was quoted lower at Rs 1,385/1,447 per quintal as against the last closing level of Rs 1,390/1,450, while small sugar quality (S-30) closed unaltered at Rs 1,325/1,367 per quintal.

(Courtesy- The Economic Times, July, 18)

Sugar recovers

A firm to steady trend was noticed on the Vashi wholesale sugar market on Monday. Prices of small quality sugar recovered some of its recent losses on fresh demand from retailers. Medium sugar, however, ruled steady. Small sugar quality (S-30) inched up to Rs 1,330/1,355 per quintal from the last closing level of Rs 1,325/1,350. Medium sugar quality (M-30) on the other hand, moved in a narrow range and closed unchanged at Rs 1,390/1,451 per quintal.

(Courtesy- The Economic Times, July, 16)

Sugar reacts

A fresh decline in sugar prices characterised trading on the Vashi wholesale sugar market. Both the grades lost support due to lack of demand amidst good arrivals from sugar mills. Small sugar quality (S-30) declined by Rs 3/10 a quintal to Rs 1,325/1,367 from the last closing levels of Rs 1,335/1,370. Medium sugar quality (M-30) also eased to Rs 1,380/1,455 a quintal from the overnight closing levels of Rs 1,385/1,455.

(Courtesy- The Economic Times, July, 13)

Sugar recovers

Prices of small sugar recovered on the Vashi wholesale market on renewed demand from retailers even as medium sugar, however, ruled steady. Small sugar quality (S-30) rose by Rs 15 a quintal to Rs 1,335/1,370 per quintal from the last close of Rs 1,320/1,370. In restricted activity, medium sugar quality (Mc-30) moved in a narrow range and closed levels of Rs 1,385/1,455.

(Courtesy- The Economic Times, July, 12)

India turns to Iran, Iraq to sell surplus sugar

India, struggling to sell sugar in a market saddled with surpluses is scouting for customers in Iran and Iraq to offload its bulging stocks, industry officials said. Iran and Iraq are the two major markets we are looking at seriously, said secretary general of the Indian Sugar Mills Association.

(Courtesy- The Economic Times, July, 11)

Sugar falls

An easy trend continued to rule for the third straight day on the Vashi wholesale market following higher than usual arrivals amidst thin demand. Small quality sugar (S-30) dropped Rs 5/13 a quintal at Rs 1,320/1,370 from the last closing level of Rs 1,333/1,375 while medium quality sugar (M-30) eased further to Rs 1,385/1,455 a quintal from the last closing levels of Rs 1,390/1,455.

(Courtesy- The Economic Times, July, 11)

Sugar dips

Sugar prices declined further on the Vashi wholesale market due to paucity of demand amidst normal supply. Small sugar quality (S-30) fell to Rs 1,333/1,375 per quintal from the last closing of Rs 1,335/1,375, while medium quality sugar (M-30) slipped to Rs 1,390/1,455 per quintal from the overnight levels of Rs 1,390/1,457.

(Courtesy- The Economic Times, July, 10)

Indonesia raises sugar import duty

Indonesia, Southeast Asia’s biggest sugar importer, has raised import duties on raw sugar to 550 rupiah/kg and 700 rupiah/kg for white and double refined sugar in a bid to protect local farmers from imports. The new tariffs came into force on July 3 and are valid for 24 months.

(Courtesy- The Economic Times, July, 9)

Sugar falls

An easy trend in prices was noticed on the Vashi wholesale sugar market on poor demand amidst normal supply from mills. Both grades consolidated at the reduced levels due to absence of market-moving factors. Small sugar (S-30) eased to Rs 1,335/1,375 a quintal from the week-end close of Rs 1,335/1,380 and medium sugar (Mc-30) edged down to Rs 1,390/1,457 a quintal from the previous levels of Rs 1,390/1,465.

(Courtesy- The Economic Times, July, 9)

Sugar mixed

A mixed trend was noticed on the Vashi wholesale sugar market. Prices of small sugar eased on lack of buying interest, while medium sugar closed with minor changes. Small sugar quality (S-30) eased to Rs 1,330/1,372 per quintal from the overnight closing level of Rs 1,335/1,372 and medium sugar quality (M-30) ended at Rs 1,395/1,455 per quintal as against Rs 1,390/1,460 previously.

(Courtesy- The Economic Times, July, 6)

Sugar consolidates

Prices for check-post delivery sugar showed a steady trend on the wholesale sugar market. Small quality sugar (S-30) was traded at Rs 1,320/1,350 a quintal, while the medium quality sugar closed at Rs 1,365/1,400 a quintal on small bout of activity. Sugar prices for ex-mill delivery also ruled steady and were quoted as under: small quality Rs 1,270/ 1,300 and medium quality Rs 1,315/1,350 a quintal respectively.

(Courtesy- The Economic Times, July, 5)

Sugar looks up

A firm to steady trend continued to rule on the Vashi wholesale market. Medium sugar quality (M-30) firmed up further by Rs 10/14 per quintal to Rs 1,400/1,465 on good demand from retailers. Small sugar quality (S-30) also inched up to Rs 1,330/1,372 per quintal from Rs 1,330/1,371 previously.

(Courtesy- The Economic Times, July, 4)

Sugar gains

A mixed trend was noticed on the Vashi wholesale sugar market. Medium sugar edged up further on good enquiries, while small sugar ruled steady. Medium sugar quality inched up further to Rs 1,386/1,455 per quintal from the last closing level of Rs 1,385/1,455, while small sugar quality closed unaltered at Rs 1,330/1,371 per quintal.

(Courtesy- The Economic Times, July, 3)

Govt. wants stable sugar price, ready to keep free market quota in abeyance

The government has shown its amenability to keep the decontrol of sugar releases into the market in abeyance to prevent a major slump in prices even as it goes ahead with the levy decontrol of the commodity, later this year. They said what is of primary importance is that stability in prices must be maintained and precisely for this purpose government has already reverted to monthly release quota.

(Courtesy- The Economic Times, July, 2)

Sugar looks up

A firm trend was observed on the Vashi wholesale market on renewed demand from retailers amidst normal arrivals from sugar mills. Small sugar quality (S-30) moved up to Rs 1,330/1,371 per quintal from the last weekend level of Rs 1,315/1,368, while medium sugar quality (M-30) edged up to Rs 1,385/1,455 per quintal from Rs 1,380/1,450 previously.

(Courtesy- The Economic Times, July, 2)

Sugar struggles

Both the qualities of sugar declined further on the Vashi wholesale market on paucity of demand from retailers amidst higher arrivals from sugar mills. The volume was thin. Small sugar quality (S-30) eased further to Rs 1,320/1,370 per quintal from the last close of Rs 1,323/1,370. Medium sugar quality (M-30) also weakened by Rs 5/10 per quintal to Rs 1,385/1,450 from the overnight closing level of Rs 1,390/1,460.

(Courtesy-The Economic Times, June 29)

Sugar prices up

Sugar mill gate prices improved on increased enquiries from millers and closed with gains. The volume of business was moderate. Dealers said lower quota released for the next quarter had affected sentiment. Medium grade sugar (M-30) was being quoted at Rs 1420-1430, while the small grade (S-30) was in the Rs 1380-1400 range.

(Courtesy-The Economic Times, 28th June)

Sugar export boost

In what is being termed as a major opening for Indian sugar exports, Bangladesh has allowed the transit facility through land instead of restricting it through ports. After the privatization of sugar trade, restriction of routing India’s exports only through ports has been lifted and the businessmen can now use the land option as well including rail transportation. Exports by rail have been allowed at a time when India has cleared inland transport reimbursement for sugar trade.

(Courtesy-The Economic Times, 27th June)

Sugar declines

Prices of small sugar dipped further on the Vashi wholesale market due to poor offtake coupled with higher arrivals from mills. However, medium sugar moved in a narrow range and closed with both side changes. Small sugar quality (S-30) dropped Rs 5/17 a quintal to Rs 1,330/1,378 from the overnight closing level of Rs 1,335/1,395. However, medium sugar quality (M-30) was quoted at Rs 1,385/1,470 a quintal as compared to Rs 1,390/1,465 previously.

(Courtesy-The Economic Times, 27th June)

Monthly sugar quotas are back

In a major policy reversal, the Union ministry for food and public distribution decided to release free-sale sugar quota on a monthly basis from July 1, ’02 against quarterly release at present. The ministry has released a free-sale quota of 9.5 lakh tonnes for the next month alongwith a levy quota of nearly 2.2 lakh tonnes.

(Courtesy-The Economic Times, 26th June)

Sugar declines

Sugar prices remained under pressure on the Vashi wholesale market on lack of demand from retailers. The higher than usual arrivals from sugar mills also affected the sentiment. Small sugar quantity (S-30) eased by Rs 10/5 a quintal to Rs 1,335/1,395 from the overnight closing level of Rs 1,345/1,400. Medium sugar quality (M-30) also declined to Rs 1,390/1,465 a quintal from Rs 1,395/1,475 previously.

(Courtesy-The Economic Times, 26th June)

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Market Update (Sugarcane)