9 Articles
9 Articles
'No sugar shortage': ISMA says India has enough stocks, expects prices to cool down soon
Industry representatives from India's sugar sector have assured that there is no shortage of sugar in the domestic market. The surge in retail prices is attributed to stockpiling speculation and adverse weather impacting production. To mitigate this, the government is facilitating duty-free sugar imports, particularly from Brazil, with some raw sugar expected to arrive before mid-October. Current domestic supplies are predicted to meet future de…
Indian Share Markets Open Steady, Govt Steps In To Cool Sugar Prices Ahead Of Festive Season
Indian stock markets opened on a steady note with the Nifty hovering around the 24,285 to 24,290 level, while the Indian rupee traded near 95.64 against the US dollar. Expert market commentary indicated positive momentum driven by easing crude prices and global cues, alongside strong investor appetite in the primary market and upcoming IPOs. Meanwhile, domestic sugar prices witnessed a sharp surge, prompting the central government to initiate me…
As the festive season begins, sugar prices have raised concerns. Sugar prices in major cities across the country have become nearly 40% more expensive than they were just two weeks ago. Significantly, earlier this year, India was expecting a significant sugar availability and a potential surplus.
Currently, the price of sugar in the country has increased drastically. Then the biggest question is whether the sweetness of this inflation is going to become more bitter in the coming days? Such fears are being expressed because today the price of sugar in the market is known to reach 60 to 65 rupees. That is, the price of sugar, which was around 45 rupees some time ago, has increased by 40% in just a few days. Traders also say that in the las…
India opens sugar imports as prices climb: Where are global sugar prices headed?
India is turning to sugar imports for the first time in nearly a decade as a sharp rise in domestic prices raises concerns about supplies ahead of the country's crucial festive season.The government will allow duty-free imports of 1 million metric tons of raw sugar between now and Oct. 31, according to a Commerce Ministry notice issued Thursday. India normally imposes a 100% duty on sugar imports, making the decision a significant intervention i…
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