Sugar declines on ample supply

Wholesale sugar prices eased by up to Rs 50 a quintal at the local market today due to increased supplies from millers.
Marketmen said adequate stocks positions following increased supplies from millers against low demand mainly led to fall in sugar prices.
Sugar ready M-30 and S-30 eased to Rs 2,800-3,050 and Rs 2,770-3,020 against last close of Rs 2,850-3,070 and Rs 2,820-3,040 per quintal respectively.
Mill delivery M-30 and S-30 followed suit and fell to Rs 2,700-2,910 and Rs 2,690-2,850 from previous levels of Rs 2,720-2,925 and Rs 2,710-2,880 per quintal respectively.
In the millgate section, Kinnoni, Dorala and Budhana were also quoted lower at Rs 2,910, Rs 2,790 and Rs 2,830 instead of Rs 2,925, Rs 2,820 and Rs 2,820 per quintal respectively.

Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 30.00-34.00 per kg.
Sugar ready: M-30 Rs 2,800-3,050 S-30 Rs 2,770-3,020.
Mill delivery: M-30 Rs 2,700-2,910 S-30 Rs 2,690-2,850.
Sugar mill gate (including duty): Mawana Rs 2,880, Mawana new Rs 2865, Kinnoni Rs 2,910 Asmoli Rs 2,900, Asmoli New Rs 2920, Dorala Rs 2,790 Budhana Rs 2,830 Thanabhavan Rs 2,840 Dhanora Rs 2,770,Simbholi Rs 2,930 Modi Nagar Rs 2,820, Modingar New 2840, Khatuli Rs 2,900 Dhampur (gila) N.T.Ramala Rs 2,770 Bulandshahr Rs 2,775 Anupshahr Rs 2,750 Baghpat Rs 2,760 Morna Rs 2,770 Sakoti Rs 2,700 Chandpur Rs 2,725 Nazibabad Rs 2,760.