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Sugar Prices Gain In Kolkata, North Market Looks Upside In Coming Days

3 Mar 2021 6:03 pm
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NEW DELHI (Commodities control) Sugar prices have seed positive move today in Kolkata as demand was slightly better. However, steady trend prevailed in other major trading centres of the country. But traders from Delhi expected that sugar prices may rise after couple of days as Millers from Uttar Pradesh have reduced selling ahead of Holi demand. Meanwhile, Sugar produced reached to 233 lakh MT till February which was 9.56 percent higher than production of same period in last season.



Sugar prices gained Rs. 20 in Kolkata market which is major trading hub for eastern market. Traders said that demand was better so the market noted positive move after long sluggish trend. Sweet makers and retailers were buying sugar in larger quantity. Normally, sugar demand picks up in first week of every month due to retail demand. Current demand was move than regular monthly buying which support market sentiments.



But the price remained stable in northern, western and southern regions. A Hyderabad based industry expert said that market prices were moving at previous level because demand was average. Similarly, A Delhi trader commented that the prices were unchanged but the prices are likely to gain after couple of days. He explained that UP millers have reduced selling ahead of Holi demand. Available stocks will be sold out in few days and lower sales from millers will push up prices. Millers expected better demand after one week so they will be in a position to raise ex-mill prices.


Market

Grade

03-Mar

02-Mar

Change

Delhi

M-31

3390-3500

3390-3500

0

(Including GST)

S-31

3370-3480

3370-3480

0

Muzaffarnagar (UP)

M-31

3370-3470

3370-3470

0

(Including GST)

S-31

3350-3450

3350-3450

0

Kanpur (UP)

M-31

3370-3480

3370-3480

0

(Including GST)

S-31

3350-3460

3350-3460

0

Mumbai-Vashi

M-30

3232-3360

3236-3362

-4

GST Extra

S-30

3162-3222

3160-3222

2

Mumbai-Naka

M-30

3170-3210

3170-3210

0

GST Extra

S-30

3110-3150

3110-3150

0

Kolhapur (Maha)

M-30

3090-3150

3090-3150

0

GST Extra

S-30

3050-3070

3050-3070

0

Hyderabad (Tel.)

M-30

3150-3170

3150-3170

0

GST Extra

S-30

3120-3150

3120-3150

0

Bangaluru (Ktk)

M-30

3170-3190

3170-3190

0

GST Extra

S-30

3140-3160

3140-3160

0

Chennai (TN)

M-30

3260-3280

3260-3280

0

GST Extra

S-30

3220-3260

3220-3260

0

Kolkata Ex-Rly Siding

M-30

3510-3520

3490-3500

20

(Including GST)

S-30

3450-3460

3430-3440

20

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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