Sugar prices close lower on poor offtake

Sugar prices closed lower by Rs 25 per quintal in the national capital today. Market analysts said increased arrivals from mills along with slackness in demand from retailers and bulk consumers, pulled down sugar prices.

Sugar ready medium and second grade prices lost from Rs 2,800-2,900 and Rs 2,790-2,890 to settle at Rs 2,775-2,875 and Rs 2,765-2,865 per quintal respectively.

Mill delivery medium and second grade price also slipped from Rs 2,650-2,725 and Rs 2,640-2715 to conclude at Rs 2,625-2,710 and Rs 2,615-2,700 per quintal.

Among millgate section, sugar titabi dipped by Rs 20 to Rs 2,630 per quintal and Budhana traded lower at Rs 2,600 per quintal.

Following are today's rates in Rs per quintal:
Sugar ready M-30 2,775-2,875 and S-30 2,765-2,865
Mill delivery M-30 2,625-2,710 and S-30 2,615-2700
Sugar mill gate prices (excluding duty): Kinonni 2,700, Asmoli 2,695, Mawana 2,650, Titabi 2,630, Thanabhavan 2,610, Budhana 2,600 and Dorala 2,630