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Sugar prices down on constant supply, limited offtake

Press Trust of India  |  New Delhi 

Sugar prices suffered a loss of Rs 50 per quintal at the wholesale market in the national capital today following reduced offtake by retailers, stockists and bulk consumers amid persistent supplies from mills.

Marketmen stated a fall in sweetener prices to supply pressure from mills along with selective buying by retailers, stockists and bulk consumers such as soft-drink, ice-cream and sweet makers.

Sugar ready M-30 and S-30 prices enquired lower by Rs 50 each to end at Rs 3,920-4,150 and Rs 3,910-4,140 per quintal, respectively.

Mill delivery M-30 and S-30 prices also noted a fall of Rs 40 each at Rs 3,600-3,810 and Rs 3,590-3,800 per quintal.

In the millgate section, sugar dorala lost the most by Rs 50 to Rs 3,670, followed by Asmoli Rs 40 at Rs 3,800 per quintal.

Sugar dhanora and khatuli slipped by Rs 30 each to Rs 3,810 and Rs 3,630, while dhampur, sakoti and nazibabad eased by Rs 20 each to Rs 3,630, Rs 3,620 and Rs 3,580 per quintal, respectively.

Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 40.00-43.00 per kg.

Sugar ready: M-30 Rs 3,920-4,150, S-30 Rs 3,910-4,140.

Mill delivery: M-30 Rs 3,600-3,810, S-30 Rs 3,590-3,800.

Sugar millgate (including duty): Mawana Rs not traded, Kinnoni Rs N.T., Asmoli Rs 3,800, Dorala Rs 3,670, Budhana Rs N.T.,Thanabhavan Rs N.T., Dhanora Rs 3,650, Simbholi Rs N.T., Khatuli Rs 3,810, Dhampur Rs 3,630, Ramala Rs 3,610, Anupshaher Rs 3,600, Baghpat Rs 3,610, Morna Rs 3,600, Sakoti Rs 3,620, Chandpur Rs 3,610, Nazibabad Rs 3,580 and Malakpur Rs N.T.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 14:32 IST