Sugar mill prices drop on higher supply

Sugar mill prices dropped by up to Rs 35 per quintal at the wholesale market in the national capital today following constant supplies from mills amid low demand from stockists and bulk consumers.
Marketmen said relentless supplies from mills along with limited offtake by stockists and bulk consumers such as soft- drinks and ice-creams makers mainly led to the fall in sweetener's prices.
Sugar mill delivery M-30 and S-30 prices were trading lower by Rs 35 each to end at Rs 3,530-3,645 and Rs 3,520- 3,635 per quintal.
In the millgate section, sugar Mawana and Kinnoni declined by Rs 35 each to Rs 3,605 and Rs 3,645 followed by Dorala and Dhanora which fell by Rs 25 each to Rs 3,605 and Rs 3,625 per quintal.

Sugar Chandpur, Budhana, Thanabhavan, Simbholi, Dhampur, Khatuli and Sakoti slipped by Rs 20 each to conclude at Rs 3,580, Rs 3,620, Rs 3,615, Rs 3,630, Rs 3,580, 3,620 and Rs 3,580 per quintal, respectively.
Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 39.00-42.00 per kg.
Sugar ready: M-30 Rs 3,870-3,930, S-30 Rs 3,860-3,920.
Mill delivery: M-30 Rs 3,530-3,645, S-30 Rs 3,520-3,635.
Sugar millgate (including duty): Mawana Rs 3,605, Kinnoni Rs 3,645, Asmoli Rs 3,625, Dorala Rs 3,605, Budhana Rs 3,620, Thanabhavan Rs 3,615, Dhanora Rs 3,625, Simbholi Rs 3,630, Khatuli Rs 3,620, Dhampur Rs 3,580, Ramala Rs 3,540, Anupshaher Rs 3,535, Baghpat Rs 3,550, Morna Rs 3,545, Sakoti Rs 3,580, Chandpur Rs 3,580, Nazibabad Rs 3,535 and Modinagar Rs 3,610.