Informist, Monday, Jan 17, 2022
By Preeti Bhagat
NEW DELHI – Ex-mill prices of sugar in key wholesale markets across north India were down today because of a rise in production in India, traders said. This has put pressure on supply.
* Mills in India produced 15.1 mln tn of sugar during Oct 1-Jan 15, up 6% from the year-ago period, the Indian Sugar Mills Association said in a release today.
* Prices, however, were flat in Maharashtra today because of parity between demand and supply, said Mukesh Kuvadia, secretary of Bombay Sugar Merchants Association.
* Following are the highlights of sugar trade in the domestic market:
(Changes in price per 100 kg)
–Down 25-30 rupees at 3,500 rupees in Muzaffarnagar
–Down 25-30 rupees at 3,450 rupees in Delhi
–Flat at 3,460 rupees in Kolhapur
–Flat at 3,652 rupees in Mumbai
* Prices of raw sugar on the Intercontinental Exchange were unavailable today as the exchange was shut on account of Martin Luther King Day. End
US$1 = 74.24 rupees
Edited by Avishek Dutta
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.
Informist Media Tel +91 (11) 4220-1000
Send comments to [email protected]
© Informist Media Pvt. Ltd. 2022. All rights reserved.