Business & Investment

The UP sugar factory signs an export contract of 60,000 tons.Maha’s mill hasn’t been inked yet

According to Tomble, factory rates range from around Rs 2,700 to Rs 2,800 per quintal, but some brokers and traders are misusing them to buy sugar for Rs 2,500 to Rs 2,600 per quintal. It was.

Just a week after the center announced its current season’s sugar export subsidy policy, a sugar manufacturer in Uttar Pradesh (UP) signed an export contract for over 60,000 tonnes of raw and white sugar. I took the initiative. In contrast, the Maharashtra factory has not yet signed a single contract, industry officials said.

The West Indies Sugar Factory Association (WISMA) has written to the center to issue sugar export notices and factory-specific quotas for maximum allowable exports (MAEQ) as soon as possible, boosting exports and pre-arrival maximums. I am trying to export to. WISMA president BB Thombre talked about Brazilian sugar on the market.

According to traders, export contracts are signed at Rs 2,400 to Rs 2,420 per quintal. According to traders, many UP factories have export agreements on the assumption that they will receive the same quota as last year. Of the 60 lactone sugar allocated, the UP share is usually 20 lactones and the Maharashtra share is 16 lactones. Last season, Maharashtra’s export quota was about 16.80 lactones.

According to Tomble, factory rates range from around Rs 2,700 to Rs 2,800 per quintal, but some brokers and traders are misusing them to buy sugar for Rs 2,500 to Rs 2,600 per quintal. It was. “This is happening despite stable prices of $ 389-400 per ton in the international market. Currently, New York estimates raw sugar to be 14.63 cents per pound.” It was.

According to people in the senior industry, almost every factory in Sorapur relied on undersold sales. Approximately 50% of the Ahmed Nagar and Maraswada sugar refineries sell the following sugars, which the government has notified of 3,100 rupees per quintal:

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The UP sugar factory signs an export contract of 60,000 tons.Maha’s mill hasn’t been inked yet

https://www.financialexpress.com/industry/up-sugar-mills-sign-export-contracts-for-6-lakh-tonne-mills-in-maha-yet-to-ink-one/2157216/ The UP sugar factory signs an export contract of 60,000 tons.Maha’s mill hasn’t been inked yet

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