New Delhi. After the recent decline, some improvement was recorded in the mill delivery price and spot market price of sugar during the week of 12-18 July due to some buying by stockists.

The government has allocated a free sale quota of 21 lakh tonnes of sugar for July, which has not increased much, but due to heavy rains in different parts of the country and falling temperature, its industrial demand and consumption is getting affected. Due to this, a limited up-down environment is being seen in the prices.

During the week under review, the mill delivery price of sugar softened by Rs 20 in eastern Uttar Pradesh and Rs 5 per quintal in Madhya Pradesh, while it was up by Rs 45 in western Uttar Pradesh and Rs 10 per quintal in Punjab. Sugar prices also increased in Bihar and Gujarat.

The spot market price of sugar remained stable at the old level of Rs 4080-4280 per quintal in Delhi, but in Indore it increased by Rs 25 to Rs 4125/4225 per quintal, in Kolkata it improved by Rs 10-20 to Rs 4260/4360 per quintal, in Mumbai (Vashi) it improved by Rs 10 to Rs 3890/4090 per quintal. On the other hand, the spot market price of sugar in Raipur, Chhattisgarh fell by Rs 25-50 to Rs 4075/7150 per quintal. The Naka Port Delivery Price of sugar improved by Rs 10 to Rs 3840/4040 per quintal.

Generally, the tender price of sugar was seen increasing. In Maharashtra it improved by Rs 5 to Rs 3770/3900 per quintal and in Karnataka it increased by Rs 10 to Rs 3780/3890 per quintal. The demand gave the millers an opportunity to increase the tender price.

The situation of supply and availability of sugar remains normal. It is understood that some stock will remain from the 10 lakh tonnes of sugar export quota fixed by the government for the marketing season of 2024-25. Because its actual shipment is not likely to be more than 7-8 lakh tonnes. Here, about one lakh tonnes of sugar could not be sold even from the quota fixed for the month of June. Overall, the price of sugar remains stable with limited fluctuations in the domestic market.