coin-img-ETHETH-2.49%coin-img-BTCBTC-2.86%coin-img-SOLSOL-4.13%coin-img-XRPXRP-3.92%coin-img-HYPEHYPE-3.86%coin-img-FONEFONE-0.60%coin-img-RIOARIOA+7,400.00%coin-img-USDCUSDC+0.02%coin-img-ETHETH-2.49%coin-img-BTCBTC-2.86%coin-img-SOLSOL-4.13%coin-img-XRPXRP-3.92%coin-img-HYPEHYPE-3.86%coin-img-FONEFONE-0.60%coin-img-RIOARIOA+7,400.00%coin-img-USDCUSDC+0.02%coin-img-ETHETH-2.49%coin-img-BTCBTC-2.86%coin-img-SOLSOL-4.13%coin-img-XRPXRP-3.92%coin-img-HYPEHYPE-3.86%coin-img-FONEFONE-0.60%coin-img-RIOARIOA+7,400.00%coin-img-USDCUSDC+0.02%coin-img-ETHETH-2.49%coin-img-BTCBTC-2.86%coin-img-SOLSOL-4.13%coin-img-XRPXRP-3.92%coin-img-HYPEHYPE-3.86%coin-img-FONEFONE-0.60%coin-img-RIOARIOA+7,400.00%coin-img-USDCUSDC+0.02%
user-avatar
Business Today

India’s ex-mill sugar prices drop about 20% as government targets hoarding, shifts to fortnightly quotas from September

AI Market Summary
India's crackdown on sugar hoarding and shift to a fortnightly quota system from September (with mandatory dispatch within seven days) accelerates supply flow and reduces the scope for artificial scarcity. With new-season production ramping from mid-October and additional near-term volumes entering in September, ex-mill prices have already fallen ~20% and retail declines are starting to transmit. The policy mix is near-term bearish for sugar pricing.
Impact level
● Medium
Affected assets
NCCOSUGAR2USD/USDT-3.84%
AI Insight · NCCOSUGAR2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
India is tightening controls on sugar stockpiling and will switch to a new quota system from September, requiring mills to sell at least 40% of their allocation in the first week and the balance in the second. With the new crushing season approaching, output is expected to exceed 10 lakh tonnes in October and reach around 45 LMT in November. Ex-mill prices have already fallen by about 20%, while retail price declines are only starting to show.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Commodity

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.