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Saturday, October 23, 2021

India Sugar: Falls in Muzaffarnagar on weak demand; down on ICE

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. 

 

End

 

US$1 = 75.25 rupees

 

Edited by Aditya Sakorkar

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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Source: Cogencis

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