Weekly Review- Sugar

29-Mar-2025 07:18 PM

Limited fluctuations in sugar prices amid normal trading


📰 Weekly Sugar Market Review (March 22-28) 🇮🇳

📍 New Delhi: Sugar prices remained largely stable this week, with limited fluctuations in both mill delivery and spot markets due to normal demand and final quota sales.

📊 Key Market Updates

🛑 Government Sugar Quota

✅ March: 23 lakh tonnes of free sale quota.
✅ April: 23.50 lakh tonnes (⬆️ by 50,000 tonnes).
🚫 No risk of a major price drop due to controlled quota allocation.

🏭 Mill Delivery Price Changes

📉 Fell by:

  • ₹25 in Eastern Uttar Pradesh

  • ₹30 in Bihar

📈 Rose by:

  • ₹5 in Western Uttar Pradesh

  • ₹10 in Madhya Pradesh

  • ₹20 in Punjab

  • Gujarat mills had to sell at ₹10-15 lower rates.

📍 Spot Market Prices (Per Quintal)

🔹 Delhi: ₹4300-4400 (Stable)
🔹 Indore: ₹4170-4270 (Stable)
🔹 Raipur: ₹4150-4225 (⬇️ ₹25)
🔹 Kolkata: Down ₹20-40
🔹 Mumbai (Vashi): ₹3950-4150 (⬆️ ₹20)
🔹 NAC Port Delivery: ₹3900-4100 (⬆️ ₹20)

🚢 Export & Sale Policies

✅ Govt to maintain export quota of 10 lakh tonnes 🚢
✅ Mills instructed to sell sugar within fixed limits
⚠️ Excess sales will lead to reduced quotas for mills

📉 Market Outlook & Future Trends

🔎 Prices expected to remain stable due to controlled quota allocation.
🔎 Export contracts & shipments continue smoothly.
🔎 April’s increased quota (23.50 lakh tonnes) could slightly ease prices.

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