Sugar ends weak on low demand, adequate stocks

Sugar prices drifted lower by up to Rs 50 per quintal at the wholesale sugar market on reduced offtake following fall in demand from bulk consumers against ample stocks.
Marketmen said easing demand from bulk consumers against adequate stocks position kept kept pressure on sugar prices.
Sugar ready M-30 and S-30 slipped to Rs 3,750-3,820 and Rs 3,740-3,810 from previous levels of Rs 3,800-3,860 and Rs 3,740-3,810 per quintal respectively.
Mill delivery M-30 and s-30 followed suit and eased to Rs 3,420-3,530 and Rs 3,410-3,520 against last close of Rs 3,470-3,540 and Rs 3,460-3,530 per quintal respectively.
In the millgate section, Mawana, Kinnoni and Dourala were too settled lower at Rs 3,500, Rs 3,520 and Rs 3,500 as compared to previous levels of Rs 3,520, Rs 3,540 and Rs 3,510 per quintal respectively.

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

Sugar retail markets - Rs 38.00-43.00 per kg.
Sugar ready: M-30 Rs 3,750-3,820, S-30 Rs 3,740-3,810.
Mill delivery: M-30 Rs 3,420-3,530, S-30 Rs 3,410-3,520.
Sugar millgate (including duty): Mawana Rs 3,500, Kinnoni Rs 3,520, Asmoli Rs 3,500, Dorala Rs 3,500, Budhana Rs 3,490, Thanabhavan Rs 3,480, Dhanora Rs 3,490, Simbholi Rs 3,540, Khatuli Rs 3,530, Dhampur Rs 3,490, Ramala Rs 3,530, Anupshaher Rs 3,520, Baghpat Rs 3,550, Morna Rs 3,550, Sakoti Rs 3,490, Chandpur Rs 3,480, Nazibabad Rs 3,530 and Malakpur Rs N.T.