Sugar Price

Sugar prices may have seen a 10% uptick in 2024 till date however, the last week has seen a 5% slump in sugar prices. What's causing this pain. While India is the 2nd largest producer of Sugar and is likely to drive growth, it is not included in the global market. Manisha Gupta discusses the prospects of sugar prices going ahead with Rahil Shaikh MD, MEIR Commodities on Commodities Corner

Indian mills hold off on signing new sugar export deals as local prices jump

Mills are not interested in exporting sugar at a discount to local prices as the government has discontinued an export subsidy in place for the last three years, said another Mumbai-based dealer with a global trading firm.

Sugar price stable; will sell at Rs 35.50/kg: Balrampur Chini

The government's decision will affect companies who have held stock in godown, says Vivek Saraogi, MD of Balrampur Chini Mills.

Weak rains but sugar prod to be balanced: Balrampur Chini

In an interview with CNBC-TV18, Vivek Saraogi, MD of Balrampur Chini sounded hopeful on the policy front, about rational cane pricing and other issues related to sugarcane production in UP.

International sugar prices may not move up: Sakthi Sugars

The price of sugar has declined globally but, last week it had increased by about USD 25 before coming down. According to M Manickam, MD, Sakthi Sugars, the shortage of ready sugar from Brazil led to the price spike.

Partial decontrol of sugar to boost exports: Sakthi Sugars

M Manickam, managing director of Sakthi Sugars, in an interview to CNBC-TV18, said that if partial decontrol is allowed, then it will boost sugar exports.

India's sugar output at 26.5 mt for SY12: Balrampur Chini

Indian sugar industry is hoping for a partial decontrol since a long period of time. Vivek Saraogi, managing director of Balrampur Chini Mills, in an interview to CNBC-TV18, gave his views on how the sugar sector will perform going forward.

Tulsian evaluates ADAG stocks, sees no fundamental upside

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shares his evaluation of the Reliance ADAG group of companies post Anil Ambani’s statements yesterday. He says the companies under the group have a number of intends but sees no ‘concrete or material progress’ and hence, says the rise and fall in the stocks is expected.

Sugar cos target Rs 33/kg upon good export: Simbhaoli Sugar

Sanjay Tapriya, chief financial officer of Simbhaoli Sugar, in an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, said that the market is not affected by this year’s balance sheet of the sugar.

Sugar rises in futures trade on spot demand

Sugar futures prices rose by 0.22% to Rs 2,716 per quintal today as speculators created fresh positions after the government allowed additional exports of the sweetener and on expectations of pick-up inspot demand.

Expect sugar output at 26 mt this season: Shree Renuka

Narendra Murkumbi, managing director of Shree Renuka Sugars said that there will be production of 26 million tonne of sugar in the coming season. "Expect raw sugar to range between 25-35 cents/lb in sugar year 2012 (SY12)," added Mukumbi.

Sugar output may increase by 15-20% in FY11: Sakthi Sugars

M Manickam, managing director of Sakthi Sugars, said that the sugar output is likely to increase by 15-20% this year and sugar price will rise by Rs 1-2.

Rana Sugars seeks export of 1 MT of sugar

Integrated sugar manufacturer Rana Sugars has pitched for allowing export of one million tonne (MT) of sweetener so that domestic sugar firms can take advantage of its high global prices.

Maha delegation to meet PM over problems of sugar industry

Maharashtra Chief Minister Prithviraj Chavan today said that a delegation from the state will meet Prime Minister Manmohan Singh to apprise him of the problems faced by sugar industry in the state.

Expect a hike in sugar prices post monsoon: Balrampur Chini

Speaking to CNBC-TV18, Vivek Saraogi, managing director of Balrampur Chini said that the government's decision to allow additional sugar exports will benefit the industry.