Back Office Login

you are here: Commodity | News | Mid Session Commentary| Detailed News
As on: Oct 24, 2018 10:35 AM
Spot Market Update: Sugar Holds Near Two Month High
11-Oct-18   16:41 Hrs IST
Spot Sugar gained recently as good demand was seen in the commodity. Prices have been mostly supported following media reports that state government has decided to provide soft loans worth Rs 4000 crore to sugar mills through the nationalised and other banks. The Medium Grade Sugar prices in the key market of Muzaffarnagar are trading flat at Rs 3300 per quintal today. Prices are lingering near their highest levels two months. The government has approved an increase in ethanol prices for the 2018-19 sugar season, starting October. The government has also extended the sugar export deadline for exporting 2 million tonne of sugar by three months, i.e. till December, since only 25% of the stated target has been shipped, according to media reports. India's 2018-19 season sugar production is set to increase by about 10%, according to Indian Sugar Mills Association (ISMA), a private sugar industry body. It expects sugar production to touch anywhere between 350 lakh tonnes and 355 lakh tonnes in 2018-19, from 322.5 lakh tonnes in 2017-18. This is about 28-33 lakh tonnes more than 2017-18 sugar season production of around 322.5 lakh tonnes.

Powered by Commodity Insights

For Business enquiry, call on: 011 45046022 / 45046000 or email to: partner@skicapital.net   contact@skicapital.net
SKI CAPITAL SERVICES LIMITED CIN : U74899DL1993PLC054443 / SKI CONSULTANCY SERVICES LIMITED CIN : U74140DL1999PLC098321
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7589595
plus
minus
CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
Exchanges / Depository : Prevent Unauthorized Transactions in your Trading / Demat Account. Update your Mobile Numbers / email IDs with us. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / NSDL on the same day | KYC: KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Note: "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright 2011. SKI. All Rights Reserved Designed , Developed & Powered By C - MOTS Infotech(ISO 9001:2015 certified)