Sugar falls by Rs 100 a quintal on ample stocks

The wholesale sugar prices fell sharply by Rs 100 per quintal in the national capital today following ample stock position and persistent supplies from mills against reduced offtake.
Marketmen said a steep fall in sweetener prices was mostly due to to reduced offtake by bulk consumers including confectioners and soft-drink makers following end of festive season.
Sugar ready M-30 and S-30 prices dipped the most by Rs 100 each to settle the day at Rs 3,820-4,000 and Rs 3,810-3,990 per quintal, respectively.
Mill delivery M-30 and S-30 prices also dropped by Rs 50 each to finish at Rs 3,540-3,720 and Rs 3,530-3,710 per quintal.

In the millgate section, sugar asmoli slide by Rs 60 to Rs 3,710, followed by khatuli by Rs 55 to Rs 3,715 and Modinagar by Rs 45 at Rs 3,615 per quintal.
Sugar dhanora, simbholi and sakoti also declined by Rs 40 each to Rs 3,570, Rs 3,720 and Rs 3,570 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 39.00-41.00 per kg.
Sugar ready: M-30 Rs 3,820-4,000, S-30 Rs 3,810-3,990.
Mill delivery: M-30 Rs 3,540-3,720, S-30 Rs 3,530-3,710.
Sugar millgate (including duty): Mawana Rs not traded, Kinnoni Rs N.T., Asmoli Rs 3,710, Dorala Rs 3,620, Budhana Rs N.T.,Thanabhavan Rs N.T., Dhanora Rs 3,570, Simbholi Rs 3,720, Khatuli Rs 3,715, Dhampur Rs 3,540, Ramala Rs 3,560, Anupshaher Rs 3,560, Baghpat Rs 3,570, Morna Rs 3,570, Sakoti Rs 3,570, Chandpur Rs 3,540, Nazibabad Rs 3,540, Modi nagar 3,515 and Malakpur Rs N.T.