AGL 24.50 Increased By ▲ 1.56 (6.8%)
AIRLINK 111.00 Decreased By ▼ -0.29 (-0.26%)
BOP 5.34 Increased By ▲ 0.09 (1.71%)
CNERGY 3.69 Decreased By ▼ -0.03 (-0.81%)
DCL 8.11 Increased By ▲ 0.12 (1.5%)
DFML 44.30 Increased By ▲ 4.03 (10.01%)
DGKC 88.86 Increased By ▲ 0.86 (0.98%)
FCCL 22.07 Increased By ▲ 0.08 (0.36%)
FFBL 42.55 Increased By ▲ 0.35 (0.83%)
FFL 8.90 Increased By ▲ 0.35 (4.09%)
HUBC 152.20 Decreased By ▼ -1.09 (-0.71%)
HUMNL 10.55 Increased By ▲ 0.10 (0.96%)
KEL 4.50 No Change ▼ 0.00 (0%)
KOSM 3.93 Increased By ▲ 0.08 (2.08%)
MLCF 36.95 Increased By ▲ 0.15 (0.41%)
NBP 48.80 Increased By ▲ 0.81 (1.69%)
OGDC 132.50 Increased By ▲ 0.70 (0.53%)
PAEL 26.45 Increased By ▲ 0.30 (1.15%)
PIBTL 6.02 Decreased By ▼ -0.01 (-0.17%)
PPL 116.25 Increased By ▲ 0.75 (0.65%)
PRL 22.63 Increased By ▲ 0.03 (0.13%)
PTC 12.81 Increased By ▲ 0.23 (1.83%)
SEARL 56.00 Increased By ▲ 0.31 (0.56%)
TELE 7.40 Increased By ▲ 0.20 (2.78%)
TOMCL 38.01 Increased By ▲ 1.01 (2.73%)
TPLP 8.57 Increased By ▲ 0.72 (9.17%)
TREET 15.32 Increased By ▲ 0.02 (0.13%)
TRG 59.96 Increased By ▲ 5.41 (9.92%)
UNITY 31.81 Decreased By ▼ -0.05 (-0.16%)
WTL 1.18 Increased By ▲ 0.01 (0.85%)
BR100 8,426 Increased By 81.4 (0.98%)
BR30 26,557 Increased By 209.6 (0.8%)
KSE100 79,565 Increased By 578.3 (0.73%)
KSE30 25,563 Increased By 197.6 (0.78%)

MUMBAI: Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country’s key growing regions raised production concerns for the upcoming season.

This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade.

“Sugar mills are worried that production could fall sharply in the new season because of drought.

They are not willing to sell at lower price,” said Ashok Jain, president of the Bombay Sugar Merchants Association.

Higher prices will, however, improve margins for producers such as Balrampur Chini, Dwarikesh Sugar, Shree Renuka Sugars and Dalmia Bharat Sugar, helping them make payments on time to farmers, dealers said.

Comments

Comments are closed.