Login ID:
Partner Login
Contact Us : 7066511911

Domestic Sugar Prices Rule Steady In Limited Trade

19 Aug 2019 7:33 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - Sugar prices remained mostly stable at the major Mumbai market on Monday amid limited trading activities.

In Mumbai, prices were at Rs 3,302-3,402 a quintal for S-grade and at Rs 3,322-3,552 for M-grade, as per Bombay Sugar Merchants Association.

Prices are likely to remain firm in the days to come amid reports that the government is likely to soon seek Cabinet approval to subsidise export of up to 6 million tonnes of sweetener in 2019-20 (Oct-Sept) to help clear the surplus in the domestic market and support domestic prices.

As per reports, the ministry is likely to propose a subsidy of Rs 10.50-11 per kg on export of sugar that is within the ambit of World Trade Organization rules.

The subsidy would cover the cost of loading and transporting sugar from warehouse to port, loading the sugar in ships, ocean freight, insurance and handling charges.

In the current sugar season that ends in September, the government had given a similar quantum of subsidy for export of sugar. One part of the subsidy was given on cane crushed by mills that export of sugar, and the other was given on transporting sugar from mills to the nearest port.

(By Commoditiescontrol Bureau)

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

   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
Spot Coriander Prices Gain On Buying Support
Spot Jeera Prices Weaken Further On Sluggish Demand
Spot Turmeric Prices Soften As Rains Hit Demand
Diwali Demand Keeps Small Cardamom Prices Firm
Easier Trend Continues In Spot Pepper On Rise In Availa...
Top 5 News
Malaysia's Sept 1-15 Palm Oil Exports Down 5.5% MoM: IT...
Govt Announces Host Of Steps To Boost Exports; RoDTEP T...
Madhya Pradesh Sugar Mill Prices – 14 September 2019
Uttar Pradesh Sugar Mill Prices - 14 September 2019
Burma Tur/MP Summer Moong Firm In Delhi
Top 5 Special Reports
Weekly ICE cotton: Ends Sharply Up; Hopes Pinned On US...
Weekly ICE Sugar: Ends Mixed On Near-Term Supply Views,...
Weekly: Urad/Masoor Post Strong Gains This Week
USDA Revises Down 2019-20 Global Cotton Production Esti...
USD/INR—Unable to Surpass Overhead Resistance Zone (71-...
Copyright © CC Commodity Info Services LLP. All rights reserved.