Sugar prices at the Vashi wholesale market increased by ?10-20 a quintal and ruled steady at the mill level. Volume at the mill level also improved as producers continued to sell the sweetener at prevailing rates. Freight rates and inventory remained stable.
Small and medium sugar mills will see a marked improvement in profitability because of the hike in the minimum support price (MSP) for sugar and other government measures.
Indian sugar mills have contracted to export 2.7 million tonnes of sugar since the current season began on October 1, a leading trade body said on Thursday.
Brazil expects that the Chinese government will not renew certain import tariffs on sugar, a Brazilian Agriculture Ministry official told reporters on Friday. Agriculture Trade Secretary Orlando Leite Ribeiro said he did not know what the timeline was for the tariffs to end and that further questions should be directed to the Foreign Ministry. When… Read More »
Sugar mills can sell 2.1 million tonne of the sweetener in the open market in the current month, higher than the April quota of 1.8 million tonne, according to a food ministry order. The quota also includes additional quantity given as incentive to mills for achieving more than 75 per cent of their export target… Read More »