PROLOGUE

EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Sugar Fundamentals (in `000' tonnes)

2011-12e

2010-11

2009-10

2008-09

2007-08

2006-07

2001-02

29264
168482
48777
161274
55704
246523
28817

28,413
1,60,948
51,828
1,58,622
52,603
2,41,189
29,264

29,240
1,53,678
52,365
1,54,918
51,228
2,35,283
28,413

40,505
1,44,144
46,656
1,53,437
47,786
2,31,305
29,240

35,039
1,63,536
45,721
1,52,337
50,721
2,44,296
40,505

30,747
1,64,458
44,305
1,51,332
51,107
2,39,510
35,039

37,423
1,30,764
40,381
1,30,087
38,315
2,08,568
39,861

4,664
26,650
1,200
25,500
20
32,514
6,994

3,510
20,637
4,247
23,500
230
28,394
4,664

9,150
15,950
2,786
24,200
176
27,886
3,510

9,850
28,630
0
23,500
5,830
38,480
9,150

4,175
30,780
0
22,425
2,680
34,955
9,850

10,710
20,480
0
17,845
1,360
31,190
11,985

5,060
-

4,175
70.00

4,415
64.66

5,043
68.88

5,151
69.02

4411.6
67.40

1.02%
1.43%
3061
3202
139

2.02%
2.01%
2259
2293
130

0.74%
0.90%
1508
2012
81

0.46%
0.60%
1491
1351
81

0.67%
0.77%
1880
1462
80

1011
62

World
Beginning stocks
Production
Imports
Consumption
Exports
Total supply
Ending stocks

India
Beginning stocks
6994
Production
28300
Imports
100
Consumption
26500
Exports
1800
Net availability
35394
Ending stocks
7094
Area under production
(Sugarcane-'000 Ha)
Sugarcane yield (tonnes/Ha)
Average daily volatility of MCX spot prices
Sugar medium
Sugar small
Indian price in Rs/qntl
LIFFE prices in Rs/qntl
Sugarcane SAP Rs/qntl
145

Note: e - source estimates provided by USDA, Data extracted on July 28, 2011; SAP: State Advisory Price
Source: USDA, Indian Sugar Mills Association

Sugar balance sheet 2011-12e - World (in `000' tonnes)

Country

Begining
stocks

Brazil
China
EU-27
India
Thailand
Others

-335
1,514
1,128
6,994
2,103
17,860

World Total

Supply
Production

Imports

Consumption

Demand
Exports

39,600
12,000
15,300
28,300
9,700
63,582

0
1,850
3,700
100
0
43,127

27,300
64
1,010
1,800
7,300
18,230

12,550
13,600
17,500
26,500
2,800
88,324

29,264

168,482

48,777

55,704

161,274

Ending
stocks
-585
1,700
1,618
7,094
1,703
17,287

28,817

Note: e - source estimates provided by USDA, Data extracted on July 28, 2011
Source: USDA

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DATABANK - AGRI COMMODITIES

Sugar - BRICS Nations fact sheet (in `000' tonnes)

Production

Import

Export

Consumption

Net
Population
availability (in million)

Per capita Per capita

availability consumption
(kg)
(kg)

2011-12e

Brazil
Russia
India
China
South Africa

39,600
4,175
28,300
12,000
1,840

0
2,000
100
1,850
270

27,300
100
1,800
64
450

12,550
6,010
26,500
13,600
1,645

39,265
6,549
35,394
15,364
2,250

206.47
137.97
1,208.36
1,341.85
49.83

190.17
47.47
29.29
11.45
45.16

60.78
43.56
21.93
10.14
33.01

2010-11

Brazil
Russia
India
China
South Africa

38,150
2,980
26,650
11,303
1,975

0
2,950
1,200
1,820
220

25,650
50
20
64
500

12,000
5,890
25,500
13,900
1,620

37,315
6,329
32,514
15,478
2,265

203.43
138.74
1,189.17
1,336.72
49.00

183.43
45.62
27.34
11.58
46.22

58.99
42.45
21.44
10.40
33.06

2009-10

Brazil
Russia
India
China
South Africa

36,400
3,444
20,637
11,429
2,265

0
2,223
4,247
1,535
200

24,300
34
230
93
830

11,800
5,700
23,500
14,300
1,590

35,265
6,148
28,394
16,748
2,495

201.10
139.39
1,173.11
1,330.14
49.11

175.36
44.29
24.00
12.62
50.81

58.68
40.85
20.03
11.12
32.38

2008-09

Brazil
Russia
India
China
South Africa

31,850
3,481
15,950
13,317
2,350

0
2,150
2,786
1,077
168

21,550
200
176
75
1,185

11,650
5,500
24,200
14,500
1,525

32,065
6,181
27,886
18,359
2,745

198.74
140.04
1,166.08
1,338.61
49.05

161.34
44.14
23.91
13.71
55.96

58.62
39.27
20.75
10.83
31.09

2007-08

Brazil
Russia
India
China
South Africa

31,600
3,200
28,630
15,898
2,360

0
3,100
0
972
165

19,500
200
5,830
56
1,154

11,400
5,990
23,500
14,250
1,585

31,115
6,740
38,480
18,271
2,971

196.34
140.70
1,148.00
1,330.04
48.78

158.47
47.90
33.52
13.74
60.90

58.06
42.57
20.47
10.71
32.49

2006-07

Brazil
Russia
India
China
South Africa

31,450
3,150
30,780
12,855
2,313

0
2,950
0
1,465
125

20,850
180
2,680
122
1,267

10,800
5,950
22,425
13,500
1,570

31,165
6,570
34,955
15,023
3,288

190.01
141.38
1,129.87
1,321.85
44.00

164.02
46.47
30.94
11.37
74.73

56.84
42.09
19.85
10.21
35.68

Note: e - source estimates provided by USDA, Data retrived on July 28, 2011, Population gures for 2011-12 is arrived at by calculating CAGR from 2004-05 to 2010-11;
Source: USDA, World Bank, IFM, CIA World Fact Book

Sugarcane state-wise area and production

States/ UT

2010
-11

Uttar Pradesh
2125
Maharashtra
964
Tamil Nadu
326
Karnataka
421
Andhra Pradesh
192
Gujarat
188
Haryana
102
Uttarakhand
107
Punjab
70
Bihar
300
Madhya Pradesh
76
Others
92
All India
4962
Source: Ministry of Agriculture, GOI

Area (`000' hectares)

2009
2008
2007
2006
-10
-09
-08
-07

2001
-02

2010
-11

1977
756
293
337
158
154
74
96
60
116
62
91
4175

1938
595
315
417
218
176
161
123
121
113
75
64
4316

125788
68672
34020
36828
14820
13440
6955
6400
5000
5492
3259
4239
324912

2084
768
309
281
196
221
90
107
81
112
71
96
4415

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178_300_CYIB_2011_Agri_final.indd 287

2179
1093
354
306
247
211
140
124
110
109
75
107
5043

2247
1049
391
326
264
214
140
121
99
130
64
106
5151

Production (`000' tonnes)

2009
2008
2007
2006
-10
-09
-08
-07
108735
56551
31807
29112
11707
13440
5335
5842
3700
5000
2362
4159
277750

109048
60648
32804
23328
15380
15380
5130
5590
4670
4960
2975
5116
285029

124665
88437
38071
26240
20296
15190
8860
7686
6690
3855
3180
5018
348188

133949
78568
41124
28670
21692
15630
9580
6100
6020
5956
2806
5425
355520

2001
-02
117982
45140
32620
33017
18082
12465
8170
7555
9250
5211
1616
6100
297208

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EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Sugar month-wise production, despatches and arrivals (in `000' tonnes)

Sugar month-wise production and despatches
Month
Sugar
despatches
production
production

Sugar state-wise
monthly arrivals
Maharashtra
Uttar Pradesh

Dec-10
4,587.10
0.00
Nov-10
1,624.40
0.00
Oct-10
229.90
10.94
Sep-10
145.00
6.67
Aug-10
113.00
12,650.81
Jul-10
46.80
7.84
Jun-10
97.00
8.60
May-10
392.40
6.66
Apr-10
1,414.60
4.21
Mar-10
2,950.60
N/A
9.46
Feb-10
3,749.20
N/A
8.01
Jan-10
4,110.20
1,544.00
10.16
Dec-09
4,173.00
1,374.00
10.90
Nov-09
1,526.30
1,047.00
9.16
Oct-09
194.40
1,532.00
8.85
Sep-09
97.00
1,509.00
20.88
Aug-09
95.40
1,668.00
10.58
Jul-09
62.00
1,553.00
6.82
Jun-09
94.00
1,725.00
11.06
May-09
109.30
1,898.00
1.39
Apr-09
314.00
2,124.00
0.00
Mar-09
1,203.20
1,702.00
0.00
Feb-09
2,605.40
1,765.00
0.00
Jan-09
3,909.00
2,291.00
0.00
Dec-08
4,164.80
2,218.00
0.00
Nov-08
1,586.60
2,132.00
0.00
Oct-08
294.40
1,830.00
0.00
Sep-08
110.00
2,252.00
0.00
Aug-08
105.00
1,874.00
0.00
Jul-08
162.20
2,377.00
Jun-08
337.00
2,224.00
May-08
1,323.00
2,183.00
Apr-08
2,619.00
2,242.00
Mar-08
4,695.00
2,872.00
Feb-08
5,176.00
2,598.00
Jan-08
5,391.00
2,259.00
Dec-07
4,662.00
2,142.00
Nov-07
1,451.00
2,296.00
Oct-07
326.20
1,773.00
Sep-07
253.00
1,845.00
Aug-07
220.00
1,840.00
Jul-07
224.20
1,762.00
Jun-07
501.10
1,832.00
May-07
1,762.00
1,859.00
Apr-07
3,631.00
1,804.00
Mar-07
4,777.00
2,025.00
Feb-07
4,636.00
2,056.00
Jan-07
4,977.00
1,899.00
Dec-06
4,652.00
1,707.00
Nov-06
2,424.00
1,692.00
Oct-06
306.70
1,637.00
Sep-06
206.00
1,702.00
Aug-06
206.10
1,507.00
Jul-06
165.90
1,343.00
0.02
Jun-06
81.60
1,581.00
May-06
418.00
1,669.00
Apr-06
1,284.00
2,031.00
8.82
Note: e - source estimates provided by USDA, Data extracted on July 28, 2011; SAP: State Advisory Price
Source: Indian Sugar Mills Association

2.11
1.21
0.71
0.48
1.64
2.26
2.14
10.25
1.75
1.91
1.29
0.60
0.72
0.79
0.75
0.58
0.49
1.41
1.53
4.04
6.85
1.76
1.87
3.85
1.58
2.72
2.49
2.83
3.62
3.90
4.15
5.42
5.15
8.14
7.44
6.15
9.50
7.91
8.78
9.21
6.66
5.49
6.23
7.27
5.61
6.70
6.25
7.17
9.89
7.97
7.21
8.54
8.05
6.80
8.10
9.08
10.90

Levy
Sugar

Free
Sugar

208.00
215.00
248.00
228.00
220.00
215.00
208.00
217.00
202.00
192.00
194.00
209.00
200.00
214.00
235.00
211.00
185.00
190.00
191.00
191.00
191.00
191.00
191.00
201.00
189.00
180.00
227.00
208.00
194.00
193.00
192.00
186.00
186.00
189.00
191.00
195.00
229.00
229.00
229.00
189.00
186.00
189.00
193.00
184.00
176.00
159.00
174.00
184.00
167.00
169.00
190.00
177.00
165.00
153.00
156.00
150.00
161.00

1,500.00
1,400.00
1,750.00
1,672.00
1,700.00
1,450.00
1,700.00
1,900.00
1,800.00
1,608.00
1,597.00
1,430.00
1,492.00
1,500.00
1,850.00
1,834.00
1,650.00
1,267.00
1,400.00
1,650.00
1,650.00
1,600.00
1,500.00
1,500.00
1,400.00
1,500.00
1,500.00
1,200.00
1,100.00
1,200.00
1,350.00
1,350.00
1,700.00
1,600.00
1,400.00
1,400.00
1,300.00
1,300.00
1,600.00
1,300.00
1,300.00
1,000.00
1,600.00
1,300.00
1,200.00
1,500.00
1,300.00
1,300.00
1,200.00
1,300.00
1,600.00
1,500.00
1,300.00
1,200.00
1,300.00
1,450.00
1,575.00

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DATABANK - NON-AGRI COMMODITIES

State-wise Production of Sugar in India (`000' tonne)

2010-11e
Maharashtra
9,507
Uttar Pradesh
6,385
Karnataka
3,200
Tamil Nadu
1,461
Gujarat
1,456
Andhra Pradesh
1,000
India
24,540
Source: Compiled based on Lok Sabha Questions (2005-2011)

2009-10p

2008-09

2007-08

2006-07

7,036
5,167
2,512
1,269
1,191
510
18,803

4,580
4,060
1,650
1,010
590
26,330

9,075
7,320
2,839
2,141
1,366
1,335
26,298

9,013
8,352
2,542
2,421
1,390
1,924
28,199

2001-02
5,610
5,260
1,550
1,839
1,060
1,050
18,530

Number of Sugar Factories in Operation, Sugarcane Crushed /Recovered and Capacity in India
No. of factories in operation
Average Actual Capacity (tonne) Per 24 hrs
Total Cane Crushed ('000 tonnes)
Recovery of Sugarcane (%)
Average Duration (Days)

2009-10

2008-09

2007-08

2006-07

2001-02

490
3,825
185,548
10.2
108

488
3,725
144,978
10.03
87

516
3,546
249,906
10.55
149

504
3,474
279,249
10.17
174

434
3,238
180,321
10.27
140

Note: e - estimated; p: provisional

Source: Indian Sugar Mills Association

Sugar: Ending Stock & Prices

000 tonnes
12000

India ES

World ES (5x)

Mumbai Prices

Sugar London

Prices
3500

9600

2800

7200

2100

4800

1400

2400

700

0
2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

Source: SEA of India & Agmarknet. Average Prices of India for the month of March
SourceSource:
: USDA. ES - ending stock, Indian prices Rs/Qntl, Int. prices Rs/Qntl

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EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Data of top 5 countries (`000' tonnes)

Production
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12e
50,000

0
Brayil

India

100,000
EU+27

China

150,000
Thailand

200,000

Other

Note: e - source estimates; Source: USDA

Imports
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12e
0

10,000
United States

EU-27

20,000
Indonesia

30,000
Russia

50,000

United Arab Emirates

60,000

Other

Note: e - source estimates; Source: USDA

Exports
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12e
0

10,000
Brazil

Thailand

20,000
Australia

30,000
Guatemala

50,000

United Arab Emirates

60,000

Others

Note: e - source estimates; Source: USDA

Consumption
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12e
50,000

0
India

EU-27

100,000
China

Brazil

150,000
United States

200,000

Other

Note: e - source estimates; Source: USDA

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DATABANK - AGRI COMMODITIES

Sugar prices and trading activity

Month

MCX Spot prices (Rs/qtl)

Medium (Delhi)
Small
Monthly Months Months Monthly Months
average
high
low
average
high

Months
low

Other markets
monthly average
spot prices
(Rs/qtl)
Delhi Mumbai

WPI
of
Sugar

White Sugar LIFFE futures

Closing
Open
price
Volume interest
(USD/MT) (in lots)^ (in lots)^^

Dec-10
3,085.92 3,175.00 3,018.00 2,869.96 2,935.00 2,800.00 3,057.69 2,946.62
172.80
777.50
58,206
49,018
Nov-10
3,011.00 3,101.00 2,905.00 2,821.27 2,920.00 2,685.00 2,976.56 2,872.43
166.70
710.00
161,152
47,282
Oct-10
2,829.68 2,885.00 2,773.00 2,630.96 2,655.00 2,587.00 2,834.21 2,689.66
161.40
722.60 108,959
63,773
Sep-10 2,740.00 2,785.00 2,710.00 2,565.56 2,608.00 2,528.00 2,740.11 2,631.16
159.80
617.00 177,586
61,683
Aug-10
2,736.92 2,785.00 2,700.00 2,489.08 2,547.00 2,420.00 2,725.38 2,557.95
160.80
578.70 137,867
65,950
Jul-10
2,847.37 2,925.00 2,804.00 2,639.63 2,827.00 2,485.00 2,849.42 2,707.61
164.10
585.70 180,217
61,379
Jun-10
2,809.23 2,942.00 2,665.00 2,550.38 2,672.00 2,430.00 2,786.63 2,636.09
155.30
528.80 166,234
68,492
May-10 3,055.00 3,168.00 2,946.00 2,745.36 2,825.00 2,646.00 2,997.50 2,830.88
161.00
468.60 113,439
61,448
Apr-10 3,040.52 3,159.00 2,963.00 2,738.04 3,003.00 2,605.00 3,015.87 2,864.75
165.40
470.10 140,997
53,338
Mar-10 3,354.85 3,569.00 3,150.00 3,040.96 3,288.00 2,845.00 3,332.98
3,171.27
183.60
504.00 191,641
61,202
Feb-10
3,852.33 4,198.00 3,548.00 3,471.00 3,924.00 3,225.00 3,759.27 3,597.59 200.30
669.90 203,154
68,854
Jan-10
4,111.04 4,326.00 3,847.00 3,817.00 3,996.00 3,600.00 4,019.80 3,876.51
202.10
742.90 208,293
85,066
Dec-09 3,549.50 3,847.00 3,418.00 3,299.00 3,600.00 3,144.00 3,500.87 3,386.12
185.70
710.20 171,647
75,877
Nov-09
3,523.11 3,590.00 3,380.00 3,355.00 3,431.00 3,135.00 3,440.80 3,456.34
184.10
610.30
189,151
67,621
Oct-09
3,100.11 3,380.00 2,822.00 2,886.00 3,135.00 2,726.00 3,086.77 3,017.85
168.80
580.50 170,813
70,781
Sep-09 3,046.42 3,172.00 2,960.00 2,904.00 3,201.00 2,810.00 3,000.63 3,034.71
167.40
618.00 199,874
74,908
Aug-09 2,933.12 3,085.00 2,593.00 2,808.00 2,976.00 2,367.00 2,925.10 2,892.93
157.50
573.10 139,147
84,155
Jul-09
2,554.14 2,611.00 2,494.00 2,338.00 2,381.00 2,294.00 2,543.52 2,432.27
142.80
491.80 152,586
77,426
Jun-09 2,522.00 2,545.00 2,475.00 2,355.00 2,392.00 2,295.00 2,501.73 2,436.34 140.00
458.70 128,525
84,198
May-09 2,468.00 2,508.00 2,390.00 2,236.00 2,293.00 2,165.00 2,427.39 2,332.30
136.40
453.00 100,842
88,266
Apr-09 2,493.00 2,640.00 2,389.00 2,218.00 2,367.00 2,133.00 2,449.43 2,296.76
132.80
427.30 139,985
78,310
Mar-09 2,247.00 2,290.00 2,218.00 2,023.00 2,092.00 1,967.00 2,215.00 2,113.00
127.20
392.8 151,055
72,150
Feb-09 2,337.00 2,351.00 2,304.00 2,102.00 2,125.00 2,084.00 2,278.00 2,147.00
127.40
401 138,964
61,168
Jan-09 2,142.00 2,300.00 2,000.00 1,946.00 2,024.00 1,864.00 2,120.00 2,009.00
120.00
373.5 112,425
60,153
Dec-08 1,941.00 1,990.00 1,884.00 1,833.00 1,890.00 1,770.00 1,936.00 1,885.00
109.90
318
51,330
49,159
Nov-08 1,920.00 1,933.00 1,908.00 1,760.00 1,772.00 1,716.00 1,854.00 1,824.00
108.60
327.9
70,673
44,510
Oct-08 1,943.00 1,976.00 1,897.00 1,709.00 1,735.00 1,683.00 1,858.00 1,778.00
108.70
334.2 120,137
47,924
Sep-08 1,884.00 1,968.00 1,839.00 1,700.00 1,800.00 1,663.00 1,840.00 1,775.00
107.90
379.6 152,409
61,627
Aug-08 1,935.00 1,995.00 1,790.00 1,807.00 1,901.00 1,641.00 1,918.00 1,884.00
104.50
398 104,971
70,758
Jul-08
1,686.00 1,800.00 1,560.00 1,525.00 1,641.00 1,406.00 1,690.00 1,580.00
98.10
386.2
137,739
61,107
Jun-08 1,570.00 1,586.00 1,558.00 1,401.00 1,404.00 1,399.00 1,559.00 1,479.00
96.40
383.7 153,428
71,539
May-08 1,598.00 1,614.00 1,585.00 1,404.00 1,420.00 1,396.00 1,582.00 1,479.00
96.80
320
92,807
53,217
Apr-08
1,617.00 1,662.00 1,591.00 1,417.00 1,468.00 1,394.00 1,603.00 1,500.00
97.00
337.5 139,804
56,083
Mar-08 1,630.00 1,667.00 1,551.00 1,435.00 1,464.00 1,350.00 1,615.00 1,509.00
95.80
334.7 142,331
59,961
Feb-08 1,562.00 1,587.00 1,539.00 1,330.00 1,358.00 1,314.00 1,537.00 1,410.00
95.00
387.2 207,453
66,707
Jan-08
1,537.00 1,574.00 1,473.00 1,354.00 1,378.00 1,289.00 1,498.00 1,422.00
93.50
350.2 279,977
87,017
Dec-07 1,480.00 1,497.00 1,450.00 1,274.00 1,287.00 1,260.00 1,445.00 1,356.00
92.30
315
111,053
82,420
Nov-07 1,499.00 1,506.00 1,491.00 1,273.00 1,287.00 1,255.00 1,472.00 1,358.00
93.00
287.7 227,327
81,738
Oct-07
1,489.00 1,499.00 1,478.00 1,292.00 1,303.00 1,281.00 1,469.00 1,379.00
92.90
283.6 205,544 105,791
Sep-07 1,476.00 1,495.00 1,442.00 1,285.00 1,294.00 1,266.00 1,446.00 1,356.00
92.50
280.2 217,764
85,966
Aug-07 1,432.00 1,443.00 1,419.00 1,255.00 1,272.00 1,238.00 1,410.00 1,328.00
92.10
279.5 156,009
78,309
Jul-07
1,447.00 1,474.00 1,434.00 1,299.00 1,333.00 1,276.00 1,415.00 1,373.00
92.60
309.4 213,241
63,379
Jun-07
1,455.00 1,475.00 1,442.00 1,252.00 1,307.00 1,233.00 1,420.00 1,334.00
92.50
320.5 185,962
77,307
May-07 1,444.00 1,478.00 1,401.00 1,245.00 1,269.00 1,224.00 1,412.00 1,337.00
92.80
339 175,963
91,830
Apr-07 1,492.00 1,552.00 1,432.00 1,361.00 1,456.00 1,269.00 1,452.00 1,444.00
95.80
308 166,403
82,018
Mar-07 1,543.00 1,554.00 1,529.00 1,436.00 1,454.00 1,394.00 1,518.00 1,512.00
98.60
332 174,770
77,833
Feb-07 1,579.00 1,621.00 1,527.00 1,396.00 1,437.00 1,335.00 1,559.00 1,476.00 100.40
332.9 128,619
60,469
Jan-07
1,647.00 1,713.00 1,611.00 1,470.00 1,495.00 1,423.00 1,636.00 1,558.00
103.00
336.9 131,374
63,857
Dec-06 1,739.00 1,780.00 1,700.00 1,555.00 1,630.00 1,500.00 1,731.00 1,644.00
107.20
342.8
79,346
53,621
Nov-06 1,855.00 1,890.00 1,785.00 1,662.00 1,690.00 1,633.00 1,841.00 1,757.00
109.80
369.4 147,349
50,378
Oct-06
1,891.00 1,916.00 1,875.00 1,707.00 1,680.00 1,658.00 1,878.00 1,780.00
110.30
400 111,884
58,778
Sep-06 1,868.00 1,903.00 1,837.00 1,772.00 1,810.00 1,745.00 1,854.00 1,807.00
110.70
377.9 160,910
54,203
Aug-06 1,919.00 1,955.00 1,870.00 1,833.00 1,852.00 1,809.00 1,906.00 1,870.00
113.00
380 125,948
63,148
Jul-06
1,943.00 1,964.00 1,923.00 1,833.00 1,852.00 1,822.00 1,921.00 1,874.00
114.00
439.5 145,956
61,199
Jun-06
1,971.00 2,016.00 1,919.00 1,871.00 1,900.00 1,830.00 1,964.00 1,901.00
115.70
465.9 135,250
71,051
May-06 2,018.00 2,052.00 1,939.00 1,918.00 2,046.00 1,868.00 2,015.00 1,945.00
116.30
447
152,157
65,199
Apr-06 2,017.00 2,064.00 1,982.00 1,890.00 1,930.00 1,814.00 2,004.00 1,940.00
115.80
474 162,367
63,902
Note: MCX Spot prices for sugar medium is taken from Alipur till Nov-09 and from Delhi from Dec-09 onwards, WPI - Wholesale Price Index; Future prices are for near month
continuos futures contract.
Source: AgmarkNet; & Ministry of Comerce and Industry; Exchanges' websites

www.mcxindia.com / www.pwc.com/in/en

178_300_CYIB_2011_Agri_final.indd 291

A PwC & MCX Joint Endeavour 291

1/26/2012 1:29:47 AM