Sugar prices down in Mumbai on stock cap imposition.
Ram Gopal Yadav (9 years ago)

Prices of sugar fell in the key wholesale markets of Mumbai as implementation of stock-holding limit on mills dampened the sentiment. Sugar stocks in north India are already quite low. Stock limits would ensure slower release by the mills now. The government has imposed stock holding limits on sugar mills for September and October. Sugar mills can hold up to 21% of the total sugar supply of 2016-17 (Oct-Sep) season as of end of September, and 8% of the supply as of end of October.

Centre-South Brazil Aug 1-15 sugar output 3.16 million tonne, up 6% on year.
Ram Gopal Yadav (9 years ago)

Mills in Brazil’s Centre-South region produced 3.16 million tonne of sugar in the first fortnight of August, up 6% compared with 2.98 million tonne in the year-ago period. Centre-South Brazil accounts for over 90% of the country’s total sugar output. Mills in the region crushed 45.29 million tonne of cane during Aug 1-15, up 0.3% on year. The Centre-South region also produced 13.52 bln ltr of ethanol during the period, compared with 14.82 bln ltr in the year-ago period. Of the total cane crushed, around 48.7% was used for sugar production, while 51.3% was used to make ethanol. Mills in the region are likely to produce 35.2 million tonne of sugar this season, compared with 35.6 million tonne in 2016-17 (Apr-Mar).

Tur down in Gulbarga on weak demand from millers.
Ram Gopal Yadav (9 years ago)

Prices of tur in Gulbarga, Karnataka, were down because of weak demand from dal millers. Arrivals were steady at 5,000-6,000 bags (1 bag = 100 kg). In the benchmark market of Akola, prices were steady, as low demand offset a decline in arrivals.

MMTC to auction masoor, tur via NCDEX e-Markets.
Ram Gopal Yadav (9 years ago)

MMTC offer 10,992.06 tonne of masoor imported from Canada and 1,846.97 tonne of tur imported from Kenya and Mozambique for auction through NCDEX e-Markets. The pulses are stocked at warehouses in West Bengal, Gujarat and Maharashtra.

NCDEX to levy 5% additional margin on chana.
Ram Gopal Yadav (9 years ago)

The National Commodity and Derivatives Exchange impose a 5% additional margin on chana on both buy and sell positions from Friday. The margin imposed on all running and yet to be launched contracts. The most active September contract of chana on NCDEX ended down 1.3% from the previous close.