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Sugar Prices Down In Mumbai On Sluggish Demand

8 Nov 2019 7:25 pm
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NEW DELHI (Commoditiescontrol) - Prices of sugar fell at the Mumbai market on Thursday amid sluggish demand and ample supply.

In Mumbai, prices were at Rs 3,200-3,280 a quintal for S-grade and at Rs 3,350-3,475 for M-grade, as per Bombay Sugar Merchants Association.

As per traders, sale to bulk buyers has declined as demand from ice creams, cold drinks and other carbonated beverages makers falls during winter.

Total sugar production in India in the current sugar season would be around 260 lakh tonnes, nearly 20 percent lower than the 2019-20 season’s 331.61 lakh tonnes, Indian Sugar Mills Association (ISMA) said a statement on Tuesday.

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