Millgate sugar eases on adequate stocks

Millgate sugar prices drifted up to Rs 30 per quintal at the wholesale market in the national capital today owing to slackened demand against ample stocks position on higher supplies from millers.
Traders said sluggish demand against adequate stocks position on higher supplies from mills mainly kept pressure on millgate sugar prices.
In the millgate section, Kinnoni, Asmoli and Dorala were quoted lower at Rs 2,610, Rs 2,600 and Rs 2,505 instead of Rs 2,630,Rs 2,630 and Rs 2,530 per quintal, respectively.
Budhana, Thanabhavan and Dhanora also eased to Rs 2,495, Rs 2,490 and Rs 2,470 against last close of Rs 2,510, Rs 2,500 and Rs 2,490 per quintal, respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 27.00-32.00 per kg.

Sugar ready: M-30 Rs 2,630-2,780 S-30 Rs 2,620-2,770.
Mill delivery: M-30 Rs 2,440-2,610 S-30 Rs 2,430-2,620.
Sugar millgate (including duty): Mawana Rs Not Quoted, Kinnoni Rs 2,610, Asmoli Rs 2,600, Dorala Rs 2,505, Budhana Rs 2,495, Thanabhavan Rs 2,490, Dhanora Rs 2,470, Simbholi Rs 2,625, Khatuli Rs 2,620, Dhampur 2,460, Ramala Rs 2,470, Bulandshaher Rs N.Q, Anupshaher Rs 2,450, Baghpat Rs 2,480, Morna Rs 2,480, Sakoti Rs 2,470, Chandpur Rs N.Q, Nazibabad Rs 2,460 and Malakpur NQ.