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Sugar prices set to firm up further for consumers December 31, 2009

Posted by Agro-Fundoo in Sugar.
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With sugar mills facing cane shortage, prices of sugar are likely to firm up further in the retail market.

Most of the sugar mills in Uttarakhand and western Uttar Pradesh are currently running at 60 to 70 per cent capacity due to the shortage of cane.

In order to overcome the shortfall, sugar mills had increased the procurement price of sugarcane by Rs 5 to Rs 10 during the past two to three days, mill sources said. Earlier, they were paying Rs 220-225 to farmers, but now they  are giving Rs 230-235.

After touching low at Rs 3,300 per quintal last week, prices of sugar have again bounced back to Rs 3,750 per quintal today. This upward trend would continue for some more time till the prices settle at Rs 4,000 per quintal, market sources said.

LIFFE Prices(USD/tonne) December 31, 2009

Posted by Agro-Fundoo in Sugar.
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(30/12/2009)
Contract Close Change
Mar ’10 705 +4.8
May ’10 685.9 +4.4
Aug ’10 629.1 +4.1
Oct ’10 578 +3.9
Dec ’10 547 +2.8

LIFFE Prices(USD/tonne) December 30, 2009

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(29/12/2009)
Contract Close Change
Mar ’10 700.2 6.2
May ’10 681.5 3.5
Aug ’10 625 -0.9
Oct ’10 574.1 -0.4
Dec ’10 544.2 -2.8

LIFFE Prices(USD/tonne) December 29, 2009

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(28/12/2009)
Contract Close Change
Mar ’10 694 0
May ’10 678 0
Aug ’10 625.9 0
Oct ’10 574.5 0
Dec ’10 547 0

Market Prices(24/12/2009) December 25, 2009

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Market Variety Minimum Price(Rs./Qtl) Maximum Price(Rs./Qtl)
Jharkhand
Chaibasa Other 3450 3550
Daltenganj Chini 3500 3700
Jamtara Other 3300 3500
Kerala
Kollam Other 3300 3400
Maharashtra
Mumbai Other 3340 3500
Rajasthan
Dungarpur Other 3500 3500
Kapasan Other 3500 3600
Rajasamand Other 3600 3650
Udaipur Other 3455 3660
Uttar Pradesh
Lalitpur Other NR NR
Muzzafarnagar Other 3650 3800
Orai Other NR NR

LIFFE Prices(USD/tonne) December 25, 2009

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(24/12/2009)
Contract Close Change
Mar ’10 694 +9.6
May ’10 678 +8.4
Aug ’10 625.9 +4.2
Oct ’10 574.5 +2.7
Dec ’10 547 0

LIFFE Prices December 23, 2009

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(22/12/2009)
Contract Close Change
Mar ’10 676 +7.6
May ’10 663.1 +7.2
Aug ’10 621 +5.4
Oct ’10 570.5 +6.5
Dec ’10 545 +1.4

Market Prices(22/12/2009) December 22, 2009

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Market Variety Minimum Price(Rs./Qtl) Maximum Price(Rs./Qtl)
Jharkhand
Chaibasa Other 3350 3450
Pakur Chini 3400 3500
Kerala
Kollam Other 3200 3400
Rajasthan
Jaipur (Grain) Chini 3600 3700
Rajasamand Other 3450 3550
Udaipur Other 3460 3660
Uttar Pradesh
Muzzafarnagar Other 3600 3800

LIFFE Prices(21/12/2009) December 22, 2009

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(21/12/2009)
Contract Close Change
Mar ’10 668.4 -9.9
May ’10 655.9 -6.4
Aug ’10 615.6 -2.2
Oct ’10 564 -3.8
Dec ’10 543.6 -3.8

Market Prices(21/12/2009) December 21, 2009

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Market Variety Minimum Price(Rs./Qtl) Maximum Price(Rs./Qtl)
Jharkhand
Bermo Other 3450 3630
Chaibasa Other 3450 3550
Daltenganj Chini 3500 3700
Giridih Chini 3300 3400
Rajasthan
Banswara Other 3400 3500
Dungarpur Other 3400 3500
Jaipur(Grain)(Chandpole) Other 3600 3700
Kapasan Other 3600 3650
Udaipur Other 3530 3645
Uttar Pradesh
Lalitpur Other NR NR
Muzzafarnagar Other 3590 3800
Orai Other NR NR
West Bengal
Midnapore Sadar Other 3500 3600