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Esugar
www.Esugar.com
This is the sugar commodity portal. The complete information of the sugar industry is available here. Following dynamic
Contents make the site full of information:
1. Ticker: Prices of sugar across the country markets and Ex-Mill prices as well as price of sugar on the international Future Market. Updated three times daily during the working days.
2. News: Sugar related news / articles / policy announcements from government etc can be traced in this section.
3. Statistics: Statistics about the sugar production, Mills, month wise, year wise can be traced here.
4. Graphs: Sugar price chart between 2 selected dates for any market or mill can be collected here.
5. Quotas: Monthly sugar release quota for the mills / states can be checked in this section.
The information is simple password protected; the trading section is the heart of the website. The sugar is traded in Spot as well as Futures market. Upon submitting the security deposits the traders are given the username / password for trading. In the spot trading sugar is traded under five diff modes: "Direct Offers", "Tenders", "Auctions", "Reverse Auctions", "Request For Quotation". The trading limit (like trading book or bank pass book) is maintained against each member. When someone does the actual trading on the net then the amount corresponding to that trading from the available trading limit is blocked. This way member is restricted from unlimited trading and the disputes happening (if any) after that. The blocked trading limit is released back to members account on complete realization of the trade and confirmation from both the buyers and sellers that trade is finally complete. The set of forms in the members area facilitates the after trade formalities like Delivery Chalaans, Material Receipts etc.
The normal Futures trading is also performed in the Futures trading section.
The administrative section for the site assures the day to day activities of the back office are handled in this section. The activities include generation of the trading member's username / password. Allocation of the trading limit to members, blocking the member's access to the site in case of disputes etc.