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Sugar steady on selling pressure

by www.thehindubusinessline.com
Sugar market ruled steady on Monday on continuous selling by mills as they have to ease their surplus stocks to a level directed by the Central government. At Vashi spot and naka rates were steady d...
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Slack demand at the mill level and an increase in reselling pressure in the market pulled down sugar prices by ?10-20 on Friday. On Thursday evening , about 15-16 mills sold hardly 10,000-12,000 bag.
There has been a marginal increase in the prices fetched by Indian teas at the auction centres in the country in calendar 2017 over 2016. It rose 0.75 per cent, from ?118.27 a kg in 2016 to ?119.16 .
The price of spot turmeric increased by ?200 a quintal on Friday. At the Erode Turmeric Merchants Association salesyard, finger turmeric sold at ?5,509-8,899 a quintal. The root variety sold at ?5,3.
Decline in buying support at higher rate arrested uptrend in pulse seeds and pulses barring masur which continued to rule higher on declining arrival with masur (bold) quoted at ?4,850, while masur..
Heavy arrivals from all the growing regions have pulled down pepper prices further. On the terminal market, 68 tonnes were traded at ?570-595 a kg. Spot prices dropped close to ?57,800 (ungarbled) a.
Tracking bearish overseas reports, imported palmolein and soya oil decline by ?7 and ?5 while indigenous groundnut and rapeseed oil gain by ?5 and ?20 . Liberty’s rates for palmolein ex-STC/Shapur w.
Imports of cloves into the country nearly trebled in five years, while the fall in indigenous production continued due to vagaries of weather and drop in area under the crop.The indigenous output in
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