Informist, Thursday, Oct 14, 2021
By S. Anirudh Iyer
NEW DELHI – Ex-mill prices of sugar fell in Muzaffarnagar but were steady in the other key wholesale markets today, traders said.
* Prices of the sweetener in Muzaffarnagar, a key market in Uttar Pradesh, fell today because of weak demand from bulk buyers as they have already purchased the commodity as per their requirement.
* Prices were flat in Delhi and Mumbai today because of demand-supply parity.
* Following are the highlights of sugar trade in the domestic market today:
(Changes in price per 100 kg)
–Down 15-20 rupees at 3,720 rupees in Muzaffarnagar
–Flat at 3,710 rupees in Delhi
–Flat at 3,605 rupees in Kolhapur
–Flat at 3,812 rupees in Mumbai
* On the Intercontinental Exchange, the most active March contract of raw sugar was 1.0% lower at 19.64 cents per pound.
US$1 = 75.25 rupees
Edited by Aditya Sakorkar
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