Sugar prices drop on ample stocks, weak demand
New Delhi: Sugar prices softened by up to Rs 20 per quintal at the wholesale market in the national capital today following ample stocks amid limited offtake.
Marketmen said, soaring stocks on constant supplies from mills amid selective demand from stockists and bulk consumers such as soft-drink and ice-cream makers, led to the fall in sweetener's prices.
Mill delivery M-30 and S-30 prices dipped by Rs 20 each to Rs 3,200-3,360 and Rs 3,190-3,350 per quintal, respectively.
Sugar ready M-30 and S-30 prices dropped by Rs 10 each to finish at Rs 3,490-3,590 and Rs 3,480-3,580 per quintal, respectively.
In mill gate section, sugar Kinnoni, Asmoli and Dhampur lost Rs 20 each to Rs 3,360, Rs 3,330 and Rs 3,200, while Mawana, Budhana and Thanabhavan fell by Rs 15 each to Rs 3,285, Rs 3,265 and Rs 3,355 per quintal, respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 36-41 per kg.
Sugar ready: M-30 Rs 3,490-3,590, S-30 Rs 3,480-3,580.
Mill delivery: M-30 Rs 3,200-3,360, S-30 Rs 3,190-3,350.
Sugar millgate (including duty): Mawana Rs 3,285, Kinnoni Rs 3,360, Asmoli Rs 3,330, Dorala Rs 3,285, Budhana Rs 3,265, Thanabhavan Rs 3,255, Dhanora Rs 3,325, Simbholi Rs 3,330, Khatuli Rs 3,360, Dhampur Rs 3,200, Sakoti 3,240, Modinagar 3,265, Shamli 3,240, Malakpur 3,250, Ramala NA (not available), Anupshaher NA, Baghpat NA, Morna NA, Chandpur NA, Nazibabad NA and Nanota NA.