In the midst of the Govt. providing considerate & advantageous measures ensuring the industry to sweeten and the mesial of the festive season, the entire sugar market is yet stagnant. A downtrend is floating in the markets nation-wide, influencing the sugar market with weak selling. The government had released a quota of 22/LMT for the month of October. Millers across the nation fear if the sale could reach to the expected numbers and are also waiting for light to be thrown on how to go about with exports.
There has been a wide fluctuation in inflation also. However, the RBI has maintained a 'wait and watch" approach as these fluctuations have been guided by factors largely beyond its control.
The daily positivity rate, at 0.70 per cent, is less than two per cent for the last 65 days. The weekly positivity rate at 0.76 per cent is less than one per cent for the last 24 days.