Sugar ends lower on subdued demand, higher supply

Sugar prices fell on the wholesale sugar market in the national capital today on low demand against higher supplies.

Traders said low demand against higher supplies mainly kept pressure on sugar prices.

Sugar ready M-30 and S-30 were down by Rs 20 each to Rs 3,060-3,260 and Rs 3,050--3,240 per quintal, respectively on reduced offtake against sufficient supplies.

Mill delivery M-30 and S-30 followed suit and traded lower by the same margin to Rs 2,860-3150 and Rs 2,850-3120 per quintal, respectively.

In the millgate section, Mawana, Kinnoni, Asmoli and Dorala were traded lower at Rs 3,005, Rs 3,265, Rs 3,185 and Rs 3,000 against last close of Rs 3,040, Rs 3,305, Rs 3,190 and Rs 3,030 per quintal, respectively.

Budhana, Thananabhavan, Dhanora and Simbholi were eased to Rs 2,985, Rs 2,985, Rs 2,990 and Rs 3,250 per quintal, respectively.

Khatauli, Dhampur, Ramala, Anupshar and Baghpat were weakened to Rs 2,975, Rs 2,980, Rs 2,885, Rs 2,860 and Rs 2,895 from previous close of Rs 3,000, Rs 2,980, Rs 2,905, Rs 2,880 and Rs 2,915 per quintal, respectively.

Morna, Sakoti, Chandpur and Nazibabad were also traded in negative zone at Rs 2,895, Rs 2,900, Rs 2,885 and Rs 2,875 against last close of Rs 2,915, Rs 2,925, Rs 2,900 and Rs 2,895 per quintal, respectively.