Login ID:
Password:
Partner Login
Contact Us : 7066511911

Raw Sugar Falls Sharply On Exports Potential From India

14 Sep 2018 6:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Raw sugar futures went down sharply on Friday, retreating from the prior session's two-month high, with the potential for exports from India and the weakness of Brazil's currency helping to halt the run-up in prices.

The most-active October raw sugar was down 2.3%, at 11.50 cents per lb . The front month had risen to a two-month high of 11.80 cents per lb on Thursday. Similarly, October white sugar was down $1.30, or 0.4 percent, at $331.30 a tonne.


Dealers said the fall may have been driven by talk that India may soon agree to subsidize exports as it deals with a supply glut following a rise in production.


Renewed weakness in Brazil's real currency has also helped to halt the recent rally, making prices more attractive in local currency terms in the world's top exporter.


(By Commoditiescontrol Bureau; +91-22-40015533)


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Karnataka Sugar Mill Prices – 15 November 2018
Maharashtra Sugar Mill Prices – 15 November 2018
Sugar Prices Mostly Stable On Limited Demand
Tamil Nadu Sugar Mill Prices – 15 November 2018
Uttar Pradesh Sugar Mill Prices - 15 November 2018
more
Top 5 News
Chana Trade Mixed At Major Spot Markets
Tur Witnessed Mixed Trend At Major Markets
Domestic Urad Mixed At Major Markets; Imported Variety ...
Moong Trades Lower At Major Markets
Spot Mentha Oil Prices Edge Up On Good Demand
Top 5 Special Reports
India Nov-Oct (2017-18) Veg Oil Import Up 8% Y/Y At 15....
Technical: Castor Seed Deesa- Rally In Progress
Technical: Soya Oil Indore-Expect a near term rally
Technical: Barely Jaipur- Expect a rally to 2100.
Technical: Wheat Spot Delhi-Accumulate On Decline
Copyright © CC Commodity Info Services LLP. All rights reserved.