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Sugar prices rise on increased demand ahead of new month

Press Trust of India  |  New Delhi 

Sugar prices improved by Rs 40 per quintal at the wholesale market in the national capital today due to a surge in demand ahead of the new month amid tight supplies from mills.

Marketmen said increased offtake by stockists and bulk consumers ahead of new month, attributed rise in sweetener prices.

Sugar ready M-30 and S-30 prices rose by Rs 40 each, to settle at Rs 3,800-3,900 and Rs 3,790-3,890 per quintal, respectively.

Likewise, mill delivery M-30 and S-30 prices rose by Rs 20 each to finish at Rs 3,480-3,620 and Rs 3,470-3,610 per quintal, respectively.

In the millgate section, sugar Ramala, Baghpat, Anupshaher and Morna gained Rs 30 each to Rs 3,480, Rs 3,490, Rs 3,480 and Rs 3,490, while Kinnoni, sakoti, chandpur and Nazibabad advanced by Rs 20 each to Rs 3,620, Rs 3,500, Rs 3,490 and Rs 3,470 per quintal, respectively.

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

Sugar retail markets - Rs 38.00-41.00 per kg.

Sugar ready: M-30 Rs 3,800-3,900, S-30 Rs 3,790-3,890.

Mill delivery: M-30 Rs 3,480-3,620, S-30 Rs 3,470-3,610.

Sugar millgate (including duty): Mawana Rs 3,510, Kinnoni Rs 3,620, Asmoli Rs 3,570, Dorala Rs 3,520, Budhana Rs 3,530,Thanabhavan Rs 3,520, Dhanora Rs 3,520, Simbholi Rs 3,575, Khatuli Rs 3,555, Dhampur Rs 3,460, Ramala Rs 3,480, Anupshaher Rs 3,480, Baghpat Rs 3,490, Morna Rs 3,490, Sakoti Rs 3,500, Chandpur Rs 3,490, Nazibabad Rs 3,470 and Modi nagar 3,510.

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

First Published: Wed, November 30 2016. 15:22 IST