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Sugar Rises In Kolkata, Mumbai On Fresh Buying At Lower Prices

13 Jan 2021 5:46 pm
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NEW DELHI (Commodities control) Sugar prices gained slightly in country’s two metros Mumbai and Kolkata as demand recovered at lower prices. It is to be noted that sugar prices were facing bearish trend consecutively for last 10-12 days. Other regions have noted steady trend in the prices.



Sugar prices gained Rs. 20 per quintal in Kolkata. M grade sugar increased from Rs. 3470-3480 to Rs. 3490-3500 per quintal. Similarly, S grade sugar gained Rs. 20 to Rs. 3440-3450 per quintal. M grade sugar inched up Rs. 12 to Rs. 3216-3442 per quintal (GST Extra) in Mumbai Vashi market. Kolkata based trader Mr. Prakash Bhalotia told that the market witnessed slightly higher demand at lower prices. Recent fall made the price more attractive for the buyers. However, He does not see sustainable price rise due to poor market sentiments.



Market sources told that dominant Kolkata market player Balrampur mills have increased their selling prices by Rs. 20 per quintal so the market passed on to buyers. But it is notable to see that better demand has allowed for this price rise. However, other markets did not see any price change. A Delhi trader said that millers did not change their selling prices so market prices was hovering at previous level. The millers were trying to manage their financial needs at current slow sale.


Market

Grade

13-Jan

12-Jan

Change

Delhi

M-31

3440-3560

3440-3560

0

(Including GST)

S-31

3420-3540

3420-3540

0

Muzaffarnagar (UP)

M-31

3410-3540

3410-3540

0

(Including GST)

S-31

3380-3520

3380-3520

0

Kanpur (UP)

M-31

3430-3550

3430-3550

0

(Including GST)

S-31

3410-3530

3410-3530

0

Mumbai-Vashi

M-30

3216-3442

3210-3430

12

GST Extra

S-30

3160-3222

3160-3222

0

Mumbai-Naka

M-30

3150-3210

3150-3210

0

GST Extra

S-30

3110-3160

3110-3160

0

Kolhapur (Maha)

M-30

3050-3110

3050-3110

0

GST Extra

S-30

3010-3030

3010-3030

0

Hyderabad (Tel.)

M-30

3110-3130

3110-3130

0

GST Extra

S-30

3080-3110

3080-3110

0

Bangaluru (Ktk)

M-30

3130-3150

3130-3150

0

GST Extra

S-30

3090-3120

3090-3120

0

Chennai (TN)

M-30

3210-3230

3210-3230

0

GST Extra

S-30

3180-3210

3180-3210

0

Kolkata Ex-Rly Siding

M-30

3490-3500

3470-3480

20

(Including GST)

S-30

3440-3450

3420-3430

20

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

   

       
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