Sugar spot market featured steady to subdued sentiments during Saturday’s trade in Delhi and Muzaffarnagar, whereas spot prices in Kolkata recovered amidst improved demand and normal supply. The Indonesian government has decided to import another 250,000 tonnes of sugar to fulfill the domestic deficit. Indian exporters are looking for fresh opportunity in Indonesia in view of the latest demand. Also the international sugar prices (Liffe) recovered from $ 330 to $336 a tonne.

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Wheat prices declined in majority of domestic markets on higher arrivals amidst poor demand at higher price levels. At Delhi, Wheat dara for mills quoted lower by Rs.10-20 at Rs.1060-1080/qtl on poor demand from roller flour millers. Arrivals increased sharply to 15,000 bags from 4000-5000 bags during Thursday. The arrivals are reported from Punjab, Haryana and U.P. Stockists are interested to liquidating their stocks in view of sluggish markets and better new crop outlook. The price of wheat product such as atta has also declined by Rs.15-18. The fresh arrivals of wheat are reported from Gujarat mandis. In Rajkot, the fresh arrivals reported to 700-750 bags per day and price declined by Rs.5-10 further to Rs.1100. Availability of imported wheat in South India also led to lack of demand in spot markets in North India.

Guar spot markets observed steady to slightly firm sentiments during Saturday’s trade where spot prices of guar seed and guar gum quoted steady in the majority of markets on subdued physical demand and steady arrivals. Arrivals remain steady at 1100 bags in Bikaner, while declined slightly to 300 from 400 bags in Nokha. Overall arrivals remain steady at 15000-16000 bags during the day all over India. Slight demand from millers observed during on Saturday, while the Stockists activity remained silent in the market. Moreover, weakness in the guar futures market, affected the trading activities in the spot market too.