Quota of 2.2 million tonnes of sugar announced for September

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(By commercial representative)

Mumbai, Ta. 31 August 2020, Monday

The government had announced a monthly sales quota of 1.50 lakh tonnes for the 20-month period in September, to calculate the festive season. With the Navratri and Dussehra festivals coming up in October this year due to overcrowding, the market is likely to see a slump in the end of the September season, market sources said.

Even in the month of August 20, Ganpati Utsav, Janmashtami, Rakshabandhan festivals were usually celebrated at home, with a monthly quota of 20.50 lakh tonnes dominating the market. Prices from spot to mill tenders have fluctuated between Rs 8 and Rs 10 per head over the last twenty days.

Ronak was lacking in the market even after the September quota was announced on Monday. At present in Vashi, the price of Asgrad was Rs.505- Rs.2 and that of Amgrad was Rs.803- Rs.152 per quintal.

Naka prices were fixed at Rs. The tenders of the mills were expected to range from Rs. The undertone of the market was loose.


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