Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Sugar futures may trade sideways: Angel.


Date: 27-05-2015
Subject: Sugar futures may trade sideways: Angel
Sugar prices traded almost flat due to subdued demand against ample supply. The summer season demand and subsidy announced by top-producing Maharashtra state helping to sustain price. Recently, government increased import duty to 40% from earlier 25% to curb cheap imports.

As per Indian Sugar Mills Association (ISMA), India produced 278.5 lakh tonnes (lt) of sugar till mid May, about 16 per cent higher compared with 24 million tonne same time last season. The production this year is the highest since 2006-07 when it was 28.4 million tonne. Mills have exported only 4.6 lakh tonne of sugar (both raw and refined) until the first week of May as per ISMA.

Global Sugar Updates

According to USDA, global production to be down by 900,000 tons to 173.4 million tons which is 3rd consecution yearly decline while the consumptions will equal production for first time. Global imports are predicted to increase by 3 per cent due to sizable increase in imports for China, US and EU. Ending stock for 2015/16 is forecasted at 40.53 million tons, lowest in 4 years. China’s production is projected down 180,000 tons to 10.8 while Brazil’s production is up slightly at 36.0 million tons.

Outlook

Sugar futures may trade sideways due to lack of fresh export orders and weak international market may continue to keep prices under downside pressure. However, decision on sugar buffer stock may support the prices.

Source : moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001