Sugar remains steady on some support

Posted By: Religare
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Sugar remains steady on some support
On Saturday, the prices of sugar carried on being firm due to the lack of necessary buying support from bulk consumers and ended around the last levels.

The quotation in Rs per quintal are sugar ready M-30 which stood at Rs 2,880-2,960 and S-30 which stood at Rs 2,850-2,960 while mill delivery M-30 stood at Rs 2,680-2,850 and S-30 stood at Rs 2,650-2,825.

The sugar mill gate prices (excluding duty): Kinonni stood at Rs 2,830, Asmoli at Rs 2,810, Mawana at Rs 2,760, Titabi at Rs 2,770, Thanabhavan at Rs 2,670, Budhana at Rs 2660 and Dorala stood at Rs 2,760.

Moreover, sufficient stocks holdings in the market due to the higher arrivals by the millers also influenced the prices.

Sugar is a term for a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.

In food, sugar almost exclusively refers to sucrose, which primarily comes from sugar cane and sugar beet. Other sugars are used in industrial food preparation, but are usually known by more specific names—glucose, fructose or fruit sugar, high fructose corn syrup, etc.

Currently, Brazil has the highest per capita production of sugar.

Read more about: sugar, commodities, future
Story first published: Monday, June 20, 2011, 13:30 [IST]
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