Sugar falls on low demand, adequate stocks

Sugar prices fell by up to Rs 15 per quintal at the wholesale market in the national capital today owing to slackened demand against ample stocks position.
Marketmen said besides low demand from bulk consumers, sufficient stocks position on increased supplies from mills mainly kept pressure on sugar prices.
Sugar ready M-30 and S-30 eased to Rs 3,820-3,860 and Rs 3,810-3,850 against last close of Rs 3,820-3,870 and Rs 3,810-3,860 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and traded lower at Rs 3,560-3,615 and Rs 3,550-3,605 from previous levels of Rs 3,560-3,625 and Rs 3,550-3,615 per quintal.

In the millgate section, Asmoli and Kinnoni also quoted lower by Rs 15 each to Rs 3,585 and Rs 3,610 per quintal, respectively. Mawana shed Rs 10 at Rs 3,570, while Dorala and Budhana were down by Rs 5 each to Rs 3,570 and Rs 3,580 per quintal, respectively.
Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 39.00-43.00 per kg.
Sugar ready: M-30 Rs 3,820-3,860, S-30 Rs 3,810-3,850.
Mill delivery: M-30 Rs 3,560-3,615, S-30 Rs 3,550-3,605.
Sugar millgate (including duty): Mawana Rs 3,570, Kinnoni Rs 3,610, Asmoli Rs 3,580, Dorala Rs 3,570, Budhana Rs 3,580, Thanabhavan Rs 3,580, Dhanora Rs 3,620, Simbholi Rs 3,610, Khatuli Rs 3,610, Dhampur Rs 3,600, Ramala Rs 3,575, Anupshaher Rs 3,565, Baghpat Rs 3,580, Morna Rs 3,575, Sakoti Rs 3,570, Chandpur Rs 3,560, Nazibabad Rs 3,580 and Modinagar 3,560.