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UP millers say crushing unviable in coming season
, Business Standard, 1th Jul, 2015
Uttar Pradesh sugar mills have again hinted at suspending operations in the coming cane crushing season, for the same reason, the high price of the latter as compared to the return from sale of sugar. UP Sugar Mills Association has referred to the glut in the domestic and global markets, and depressed sugar prices. In a letter to the Union food secretary, it ha....More
stockists selling dissolves sugar
OUR CORRESPONDENT, Business Line, 1th Jul, 2015
Sugar prices on the Vashi market dropped by ?10-20 a quintal as stockists tried to ease old – fair quality stocks on back of improved retail demand. Naka and mill tender rates were unchanged on routine demand. Sources said retail demand increased while stocks were at Vashi market is about 105-110 truck loads. Arrivals remained stable at 61-62 truck loads and local di....More
Mixed trend in sugar
OUR CORRESPONDENT, Business Line, 30th Jun, 2015
Sugar prices for M-grade declined further by ?10 a quintal while S-grade ruled unchanged on the Vashi wholesale market with routine activities. As producers continued offloading old stocks at a discount, the market remained under pressure. Naka and mill tender rates ruled steady. A Vashi-based wholesaler said as stockists carry about 105-110 truckloads and producers ....More
Sugar in bear grip
OUR CORRESPONDENT, Business Line, 16th Jun, 2015
Sugar prices continued their bearish trend as Maharashtra’s producers sold the commodity at ?20-25 a quintal lower to ease stocks. On the Vashi market prices declined by ?15-20 on routine demand-supply. Naka rates came down by ?40-120 for S-grade and declined by ?40-60 for M-grade. A Vashi-based wholesaler said enough stocks, limited retail orders, continuous selling....More
Raw sugar dips from near two-month high, cocoa ste
Rehman Siddiqui, Business Recorder, 13th May, 2015
Raw sugar futures on ICE eased on Tuesday from a near two-month high, yet underpinned by strong export differentials, while cocoa steadied, pressured by a strengthening pound. Arabica coffee futures edged up on light buying, supported by a weaker dollar. In sugar, traders focused on talk of brisk vessel nominations after a massive delivery against expiry of the....More
Slipping futures drag spot sugar
Our Correspondent, Business Line, 9th May, 2015
Spot sugar prices came under pressure on the Vashi wholesale market, tracking sharp drop in domestic futures amid need-based physical demand. Naka and mill tender rates were unchanged as producers continued selling at prevailing rates. Arrivals at Vashi market were 59-60 truckloads and local dispatches were 58-60 loads. On Thursday evening, 12-14 mills offered tender....More
Mixed trend in sugar
Our Correspondent, Business Line, 8th May, 2015
Sugar prices on the Vashi wholesale spot market ruled steady with minor changes on Friday, while prices rose in the futures market. This follows reports of Maharashtra government’s decision to extend the deadline for payment of fair remunerative price (FRP) to growers. Stockists at the vashi market sold old stocks ?5-8 a quintal lower, while new stocks were sold at s....More
Slack demand keeps sugar flat
OUR CORRESPONDENT, Business Line, 6th May, 2015
Sugar prices on the Vashi wholesale market ruled flat on Tuesday on isolated retail demand and routine activities at upper mill level. Due to slack wholesale demand the volume at mill level remained thin. Producers sold the commodity at ?10-15 a quintal. In spot and naka level, prices were steady with thin volatility. Sources said as stockists tried to fulfil old com....More
Sugar prices rules unchanged
our correspondence, Business Line, 30th Apr, 2015
the sugar prices ruled unchanged on ample supply from mills. S-grade sugar ruled unchanged and fair quality M-grade lost Rs 8 per quintal on the wholesale spot market. According to the Bombay Sugar Merchants Association, the spot rates were: S-grade Rs 2,952-3,011 (Rs 2,950-3,012) and M-grade Rs 3,032-3,171 (Rs 3,040-3,161). Naka delivery rates were: S-grade Rs 2,....More
Sugar buffer will be bitter
Tejinder Narang, The Financial Express, 29th Apr, 2015
India’s sugar production is set to touch 27 million tonnes (mt), with a carry-in stock of 9 mt. This indicates a total availability of 36 mt versus a local demand of 23 mt. Exports in the first six months of the sugar season are sluggish (not exceeding 0.2 mt) despite a subsidy of R4,000/tonne and an additional proposed subsidy of R1,000 by the Maharashtra government....More
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