Sugar closes mixed in thin trade

A divergent trend emerged at the wholesale sugar market in the national capital today with spot prices rising on festive demand from retailers, while mill prices declined due to reduced offtake by stockists as well as bulk consumers.
Marketmen said robust demand by retailers and sweet makers largely attributed the rise in sugar spot prices.
Sugar ready M-30 and S-30 prices were trading higher by Rs 10 each to end the day at Rs 3,970-4,070 and Rs 3,960-4,060 per quintal.
On the other hand, prices of sugar mill M-30 and S-30 dropped by Rs 30 each to Rs 3,610-3,790 and Rs 3,600-3,780 per quintal.

In the millgate section, sugar Anupshaher declined by Rs 20 to Rs 3,610, while Ramala, Sakoti, Morna and Naibabad fell by Rs 15 each to Rs 3,635, Rs 3,690, Rs 3,635 and Rs 3,625 per quintal, respectively on constant supplies from mills amid restricted buying by stockists and bulk consumers such as soft-drinks and ice-cream makers.
Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 39.00-43.00 per kg.
Sugar ready: M-30 Rs 3,970-4,070, S-30 Rs 3,960-4,060.
Mill delivery: M-30 Rs 3,610-3,790, S-30 Rs 3,600-3,780.
Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,790, Asmoli Rs 3,750, Dorala Rs 3,740, Budhana Rs 3,730, Thanabhavan Rs 3,725, Dhanora Rs 3,715, Simbholi Rs 3,790, Khatuli Rs 3765, Dhampur Rs 3,680, Ramala Rs 3,635, Anupshaher Rs 3,610, Baghpat Rs 3,645, Morna Rs 3,635, Sakoti Rs 3,690, Chandpur Rs 3,660, Nazibabad Rs 3,625, Modinagar N.Q., Shamli 3,695 and Nanota 3,640.