fbpx
Navegação na tag

exports

India: Sugar stocks tumble up to 8% on 20% export duty hike 

Sugar stocks took a beating on Friday after the government imposed a 20 per cent customs duty on sugar exports in a bid to check domestic prices by boosting supplies. The government took the decision after a sharp rise in the prices of key commodities, including tomato, wheat and pulses. Sugar prices, too, are ruling high at Rs 40 a kg. In a release, the Finance Ministry said: "To…
Leia mais...

Tight supply, China demand trigger surge in white sugar premium

Increasingly tight white sugar supplies early in 2016, as well as buoyant Chinese physical demand and a very poor EU sugar beet crop, are powering the premiums of white sugar prices over raw sugar to contract highs. The spot whites-over-raws premium traded in excess of $90 per tonne on Wednesday, a comfortable profit margin for many sugar refineries around the world. "This…
Leia mais...
X