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Barchart on MSNSugar Prices Rise on Hopes of Stronger US Sugar DemandNY world sugar #11 (SBV25) today is up +0.08 (+0.48%), and October London ICE white sugar #5 (SWV25) is up +3.60 (+0.75%). Sugar prices are moving higher today and posted 1-1/2 month highs on the outlook for stronger US sugar demand.
In view of the increasing prices of sugar, the Punjab government has fixed ex-mill and retail prices of sugar for four months. As per the notification by
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The Express Tribune on MSNSugar price set at Rs165/kg after free-for-all surgeIn March, the price was set at Rs140 per kg. After exporting 750,000 tons, it rose to Rs170 per kg. The government then raised the ex-mill price by Rs20, but sugar crossed Rs200/kg in markets. In response, the government decided to import 500,000 tons of sugar.
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Barchart on MSNSugar Prices Undercut by the Focus on Global Sugar SurplusNY world sugar #11 (SBV25) on Wednesday closed unchanged, and October London ICE white sugar #5 (SWV25) closed down -0.10 (-0.02%). Aug London sugar whipsawed on Wednesday on the contract's last trading day.
Commissioner Sargodha Jahanzeb Awan on Thursday directed all deputy commissioners to ensure strict implementation of the sugar price
The Punjab government has fixed ex-mill and retail sugar prices from July 15 to November 14 to control inflation and prevent hoarding. Official notification issued by the Cane Commissioner outlines monthly price changes.
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Barchart on MSNSugar Prices Higher as USDA Curbs Specialty Sugar ImportsNY world sugar #11 (SBV25) today is up +0.29 (+1.78%), and August London ICE white sugar #5 (SWQ25) is up +17.30 (+3.69%). Sugar prices are trading higher today. The USDA announced late Monday that the US will not import any specialty sugar beyond what is required by international trade laws,