Sugar up in north India on improved demand, down in Mumbai.

Prices of sugar rise in key wholesale markets of Delhi and Muzaffarnagar due to fresh buying at lower price levels. Prices of the sweetener in Mumbai, continued to fall amid poor demand. In Kolhapur, prices were unchanged. Millers are quoting lower prices as to book profits before imports come into the country and as the imports are here, prices are likely to fall. Govt on April 5 allowed imports of 500,000 tonne raw sugar under the tariff rate quota till June 12. On 13 april, Centre extended the deadline for imports to June 30 and also added three ports in the south zone which can import raw sugar. Import of 300,000 tonne duty-free raw sugar is allowed in the southern zone; 150,000 tonne in the west zone through Kandla and Mumbai ports; and 50,000 tonne in the east through Haldia and Paradeep ports. On the NCDEX, sugar futures rise due to bargain buying and the benchmark May sugar contract on the bourse was up 0.5%.