NCDEX mustard rises on firm trend in soy oil prices.
Ram Gopal Yadav (9 years ago)

Futures contracts of mustard rose on NCDEX because of firm trend in prices of its substitute, soy oil. Most active October futures contract of mustard on NCDEX ended up 0.8% from previous close. Soy oil and mustard oil prices moves in tandem as, both are used as vegetable oil. Soy oil prices are rising on expectations of lower soybean output in key growing areas of Maharashtra and Madhya Pradesh due to deficient rainfall.

Maharashtra sugar mills sought cos seek damages for loss on early crush.
Ram Gopal Yadav (9 years ago)

Private sugar mills in Maharashtra have sought compensation of 500 rupees per tonne from the central government for the likely losses they would incur due to lower sugar recovery rate because of early crushing of sugarcane. The Centre has asked millers across the country to begin cane crushing operations for the 2017-18 (Oct-Sep) season early in October, in a bid to tide over likely shortages during the festival season. Mills typically begin crushing cane in November, when the sugar recovery rate is 10-11%, but in October, the recovery rate is lower at 8.5-9.0%. An early start to the season in the month of October would lead to 1.5% to 2% recovery losses to individual mills.

India Sugar tad up in north India due to buying at lower prices.
Ram Gopal Yadav (9 years ago)

Prices of sugar rose slightly in the key wholesale markets of north India as demand increased at lower price levels. Sugar prices have remained low for many days now, so, we witonneessed some rise in demand at lower prices. Prices of the sweetener were, however, largely unchanged in the key wholesale markets of Maharashtra due to lacklustre trade.