Informist, Tuesday, Nov 16, 2021
By Preeti Bhagat
NEW DELHI – Ex-mill prices of sugar in key wholesale markets across North India fell today because of selling pressure from mills as they are making new sugar from cane, traders said.
* "Demand is there, but it is less than what mills are offering for sale so prices are not rising and may fall by another 30-40 rupees (per 100 kg) in the coming days," said Naresh Gupta, a Delhi-based dealer.
* Following are the highlights of sugar trade in the domestic market today:
(Changes in price per 100 kg)
–Down 15-20 rupees at 3,585 rupees in Muzaffarnagar
–Down 20-30 rupees at 3,550 rupees in Delhi
–Flat at 3,490 rupees in Kolhapur
–Flat at 3,702 rupees in Mumbai
* On the Intercontinental Exchange, the most-active March contract was at 19.69 cents per pound, down 0.25% from the previous close.
* "We cannot gauge the speculative position though expectations are that the smaller speculators will have brought a small increase to the net long during the reporting period. They may well have added further…," UK-based trading firm Czarnikow said in a note. End
US$1 = 74.30 rupees
Edited by Snigdha Kuttikat
Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2021. All rights reserved.
Informist, Tuesday, Jun 6, 2023 –Tata Consumer: Consolidating JV ownerships in S Africa, Bangladesh–Tata Consumer MD, CEO: India FY23 foods ops revenue up 26%–Tata Consumer MD, CEO: India beverage ops revenue rose 1% in FY23–Tata Consumer: Sales ratio improved to 3.4% in FY23–Tata Consumer: Expect to complete Tata Coffee merger this year–Tata Consumer: FY23 margin hit […]
Informist, Tuesday, Jun 6, 2023 –Sources: National infra financing bk plans up to 100-bln-rupee bonds–National infra financing bk may seek bids for bonds this mo By Subhana Shaikh MUMBAI – National Bank for Financing Infrastructure and Development, also known as NaBFID, plans to tap the debt market with its maiden bond issue, worth up to 100 bln rupees, this month, sources aware of the […]
Informist, Tuesday, Jun 6, 2023 By Vivek Kumar MUMBAI – Earnings expectations of domestic information technology companies took a hit today after the US-based software engineering company EPAM Systems lowered its revenue growth guidance, citing caution among clients with respect to technology spending. "In the weeks since our Q1 (Jan-Mar) earnings call, we have seen our clients become even […]
Follow Informist
