Sugar millgate price falls further on selling pressure

Sugar millgate prices declined by Rs 10 per quintal in the wholesale sugar market in national capital today following weakening of demand amid sustained supplies.
Marketmen said drying up of demand due to end of festive season on the back of ample arrivals from mills mainly led a fall in millgate prices.
In millgate section, Asmoli and Khatuli shed Rs 10 each to both settle at Rs 3070 per quintal.
Prices of Dorala, Budhana, Thanabhavan and Chandpur also eased by Rs 5 each to Rs 3,030, Rs 3,010, Rs 3,000 and Rs 2,940 per quintal, respectively.
Elsewhere, sugar spot prices maintained overnight closing levels on small buying support.

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

Sugar retail markets - Rs 32.00-35.00 per kg.
Sugar ready: M-30 Rs 3,050-3,270 S-30 Rs 3,040-3,260.
Mill delivery: M-30 Rs 2,880-3,120 S-30 Rs 2,870-3,100.
Sugar mill gate (including duty): Mawana Rs 3,050, Kinnoni Rs 3,120 Asmoli Rs 3,070 Dorala Rs 3,030 Budhana Rs 3,010 Thanabhavan Rs 3,000 Dhanora Rs 2,980 Simbholi Rs 3,100 Modi Nagar Rs 2,970, Khatuli Rs 3,070 Dhampur (gila) Rs 2,860 Ramala Rs 2,900 Bulandshahr Rs 2,990 Anupshahr Rs 2,880 Baghpat Rs 2,920 Morna Rs 2,910 Sakoti Rs 2,940 Chandpur Rs 2,940 and Nazibabad Rs 2,900.