Sugar extends losses on increased supply

Sugar prices extended losses at the wholesale market today on adequate stocks positions on increased supplies from millers against lack of worthwhile buying support.
Marketmen said adequate stocks positions on increased supplies from millers against reduced offtake mainly kept pressure on sugar prices.
Sugar ready M-30 and S-30 fell further to Rs 2,780-3,040 and Rs 2,750-3,010 against last close of Rs 2,800-3,050 and Rs 2,770-3,020 per quintal respectively.
Similarly, mill delivery M-30 and S-30 eased to Rs 2,680-2,890 and Rs 2,670-2,830 from previous close of Rs 2,700-2,910 and Rs 2,690-2,850 per quintal respectively.
In the millgate section, Thanabhavan, Bulandshar, Anupshahr and Bhaghpat were also quoted lower at Rs 2,810, Rs 2,730, Rs 2,690 and Rs 2,730 instead of Rs 2,840, Rs 2,775, Rs 2750 and Rs 2760 per quintal respectively. Chandpur and Nazibabad eased to Rs 2,690 and Rs 2,700 against last close of Rs 2,725 and Rs 2,760 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 2,780-3,040 S-30 Rs 2,750-3,010.
Mill delivery: M-30 Rs 2,680-2,890 S-30 Rs 2,670-2,830.
Sugar mill gate (including duty): Mawana Rs 2,880, Mawana new Rs 2815, Kinnoni Rs 2,890 Asmoli Rs 2,900, Asmoli New Rs 2900, Dorala Rs 2,790 Budhana Rs 2,820 Thanabhavan Rs 2,810 Dhanora Rs 2,730,Simbholi Rs 2,905 Modi Nagar Rs 2,820, Modingar New 2790, Khatuli Rs 2,880 Dhampur (gila) N.T.Ramala Rs 2,720 Bulandshahr Rs 2,730 Anupshahr Rs 2,690 Baghpat Rs 2,730 Morna Rs 2,740 Sakoti Rs 2,700 Chandpur Rs 2,690 Nazibabad Rs 2,700.