Sugar rises on brisk buying
Sugar prices rose further by Rs 30 per quintal in the national capital today following increased seasonal buying.
Market analysts said sustained buying by stockists and bulk consumers like ice-cream and softdrink makers pushed up the prices.
Tight stocks position and below the expectations release of free-sale quota for new month further fuelled the uptrend, they added.
Sugar ready medium and second grade prices moved up further by Rs 25 each to Rs 2,950-3,050 and Rs 2,925-3,025 per quintal, respectively.
Mill delivery medium and second grade price also improved by Rs 25 each to Rs 2,750-2,940 and Rs 2,725-2,915 per quintal, respectively.
Following were today's quotation in Rs per quintal.
Sugar ready M-30 2,950-3,050 and S-30 2,925-3,025
Mill delivery M-30 2,750-2,940 and S-30 2,725-2,915
Sugar mill gate prices (excluding duty): Kinonni 2,910, Asmoli 2,900, Mawana 2,825, Titabi 2,830, Thanabhavan 2,725, Budhana 2725 and Dorala 2,825