30.1 C
New York
Wednesday, August 10, 2022

India Sugar: Falls in north; ICE shut due to US Independence Day

Informist, Monday, Jul 4, 2022

 

By Puja Das

 

NEW DELHI – Ex-mill prices of sugar fell in key wholesale markets of north India today due to subdued demand as mills tried to push sales by lowering prices, Delhi-based trader Naresh Gupta said.

 

* The demand is typically less in July as the monsoon covers the entire country during the month. The prices may decline further if demand remains weak, Gupta said.

 

* In Maharashtra, however, prices were flat due to a parity between sales and demand, said Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association.

 

* Prices are likely to remain range-bound, within 10-15 rupees per 100 kg, this week in Maharashtra. However, the progressing monsoon may be a dampener for demand, said Kuvadia.

 

* Following are the highlights of sugar trade in domestic markets:

  (Changes in price per 100 kg)

  –Down 15-20 rupees at 3,415-3,465 rupees in Muzaffarnagar

  –Down 15-20 rupees at 3,390-3,430 rupees in Delhi

  –Flat at 3,300-3,380 rupees in Kolhapur

  –Flat at 3,480-3,582 rupees in Mumbai

 

* On the Intercontinental Exchange, prices were unavailable as the international bourse was shut on account of the US Independence Day holiday. End

 

Edited by Namrata Rao

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. 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.

 

Source: Cogencis

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,292FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles