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Sugar prices fall on surplus stocks, limited offtake

Press Trust of India  |  New Delhi 

Sugar prices tumbled down by Rs 50 per at the wholesale market in the national capital today as supplies exceeded the demand due to record production.

Marketmen said, surplus stocks on non-stop supplies from mills due to record production amid need base off-take by stockists and bulk consumers dragged the sweetener's prices down.

Sugar ready M-30 and S-30 prices declined by Rs 50 each to end at Rs 2,760-2,880 and Rs 2,750-2,870 per

Mill delivery M-30 and S-30 prices dropped by Rs 50 each to conclude at Rs 2,550-2,680 and Rs 2,540-2,670 per

In mill gate section, sugar Sakoti and Khatuli fell by Rs 50 each to Rs 2,570 and Rs 2,675, while Kinnoni, Budhana, Asmoli and Dorala slid by Rs 45 each to Rs 2,680, Rs 2,595, Rs 2,650 and Rs 2,595 per quintal, respectively.

Prices of and Dhampur also declined by Rs 40 each to Rs 2,590 and Rs 2,555 per quintal.

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

Sugar - Rs 29-31 per kg.

Sugar ready: M-30 Rs 2,760-2,880, S-30 Rs 2,750-2,870.

Mill delivery: M-30 Rs 2,550-2,680, S-30 Rs 2,540-2,670.

Sugar millgate (including duty): Rs 2,590, Kinnoni Rs 2,680, Asmoli Rs 2,650, Dorala Rs 2,595, Budhana Rs 2,5495, Thanabhavan Rs 2,605, Dhanora Rs 2,670, Simbholi Rs 2,675, Khatuli Rs 2,675, Dhampur Rs 2,555, Sakoti 2,570, Modinagar 2,590, Shamli 2,585, Malakpur 2,590, Ramala not available, Anupshaher N.A, Baghpat N.A.,Morna N.A., Chandpur N.A., and Nanota N.A.

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

First Published: Thu, May 17 2018. 15:15 IST
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