Bhopal
Prior to the festivals, the prices of sugar are increasing in the local markets of Madhya Pradesh. Prices have increased by about 2 percent in a month. Actually, the possibility of a decline in production is rising in the prices of sugar. On the other hand, sugar mills also want to increase prices in the domestic market. Traders say that the festival of Holi is coming ahead, in such a situation, there is little hope of recession in Chinese. Sugar demand is currently high (Sugar Pries Rise) in the markets. Marriage also remains the subscription of marriage.
2% expensive up to 2%
Price of ₹ 3700/3875 per quintal mills
₹ 4150/4250 local wholesale markets
₹ 4350/4400 per quintal in retail markets
Consumption in the capital: According to Krishna Kumar Bangar, Secretary, Sugar Traders Association, Chinese has gained momentum due to the opening of sugar exports and production of the Central Government.
Sugar production reduced by 16 percent
Sugar Productions declined 16 percent to 95.40 million tonnes in the first quarter of the current marketing year, which began in October, mainly due to decline in Maharashtra’s production. This information is given in the data of industry body Isma. According to the Indian Chinese and Bio-Energy Manufacturers Association, crushing rates in Maharashtra, UP and Karnataka were better.
MSP 31 rupees
There are headlines from mills to markets that the government can increase the minimum selling price of sugar. The MSP of sugar remains unchanged at Rs 31 per kg. Gopal Baheti, associated with Chinese business, says that the last time the production of sugar in the country was 320 lakh tonnes but this time 265/270 lakh tonnes are being estimated. Sugar broker Ramakant Tiwari says that due to the possibility of decreasing production, sugar is getting sweet in the market.
