Domestic Sugar Price

There is sufficient sugar available in India for domestic needs at reasonable prices throughout the year, said the food ministry on Monday evening.

India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices

Years of bumper cane harvests and record sugar production have hammered domestic sugar prices, making it hard for mills to pay monies owed to farmers, who form an influential voting bloc.

Australia announced on Friday it was taking legal action against India at the WTO over sugar subsidies it said caused a "significant downturn" in world prices and hurt domestic producers.

Sugar prices are expected to remain firm in the near term due to tight stock position following 9 per cent decline in production and steady growth in consumption, rating agency ICRA said today.

The expected decline in the sugar production during SY17 (sugar year 2016-17) along with the drop in stocks in SY16 and the impact of global sugar deficit scenario also led to firming up of domestic prices in October 2016, Icra head-corporate ratings Sabyasachi Majumdar said.

Despite the government imposing stock-holding limits on sugar mills, prices of the sweetener in the domestic market are likely to remain firm in next 3-4 quarters due to tight stock position, credit rating agency Icra has said in a report.

Domestic sugar prices at factory gate has touched Rs 36 per kilogram, and at retail level it is hovering around Rs 42-43/kg, Siddharth Shriram, advisor at Mawana Sugars told NDTV Profit.

Domestic sugar industry has started showing signs of turnaround with surging prices and depletion in buffer stocks due to a decrease in global as well as domestic production and steady growth in consumption, a report said.

The government on Thursday imposed a 20 per cent customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40 per kilogram.

An expected slowdown in Indian sugar exports, as domestic prices surge, will boost the market share of Thai and Brazilian sugar in Asian markets, traders said on Tuesday.

Indian domestic sugar prices have surged, boosting incentives for production of low-quality white sugar for the local market and giving Brazil a competitive edge in the export market.

A surge in white crystal sugar sales from huge domestic stocks could drive down the premium for refined white sugar over raw sugar and squeeze refiners' margins.

A raised sugar import duty in India, festival demand and an expected delay in cane crushing in a key producing state have helped push domestic prices to a $70 a tonne premium to international prices, making it more lucrative to sell domestically. A year ago the premium was just $20 a tonne.

There is sufficient sugar available in India for domestic needs at reasonable prices throughout the year, said the food ministry on Monday evening.

India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market.

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices

Years of bumper cane harvests and record sugar production have hammered domestic sugar prices, making it hard for mills to pay monies owed to farmers, who form an influential voting bloc.

Australia announced on Friday it was taking legal action against India at the WTO over sugar subsidies it said caused a "significant downturn" in world prices and hurt domestic producers.

Sugar prices are expected to remain firm in the near term due to tight stock position following 9 per cent decline in production and steady growth in consumption, rating agency ICRA said today.

The expected decline in the sugar production during SY17 (sugar year 2016-17) along with the drop in stocks in SY16 and the impact of global sugar deficit scenario also led to firming up of domestic prices in October 2016, Icra head-corporate ratings Sabyasachi Majumdar said.

Despite the government imposing stock-holding limits on sugar mills, prices of the sweetener in the domestic market are likely to remain firm in next 3-4 quarters due to tight stock position, credit rating agency Icra has said in a report.

Domestic sugar prices at factory gate has touched Rs 36 per kilogram, and at retail level it is hovering around Rs 42-43/kg, Siddharth Shriram, advisor at Mawana Sugars told NDTV Profit.

Domestic sugar industry has started showing signs of turnaround with surging prices and depletion in buffer stocks due to a decrease in global as well as domestic production and steady growth in consumption, a report said.

The government on Thursday imposed a 20 per cent customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40 per kilogram.

An expected slowdown in Indian sugar exports, as domestic prices surge, will boost the market share of Thai and Brazilian sugar in Asian markets, traders said on Tuesday.

Indian domestic sugar prices have surged, boosting incentives for production of low-quality white sugar for the local market and giving Brazil a competitive edge in the export market.

A surge in white crystal sugar sales from huge domestic stocks could drive down the premium for refined white sugar over raw sugar and squeeze refiners' margins.

A raised sugar import duty in India, festival demand and an expected delay in cane crushing in a key producing state have helped push domestic prices to a $70 a tonne premium to international prices, making it more lucrative to sell domestically. A year ago the premium was just $20 a tonne.