Sugar price climbs on robust demand, tight supply

Sugar prices went up by a whopping Rs 90 per quintal at the wholesale market in the national capital Tuesday largely supported by strong demand from bulk consumers and retailers, triggered by ongoing summer season amid thin supplies from mills.

Marketmen said robust demand from retailers stockist and bulk consumers such as soft-drink and ice-cream makers as demand generally goes up during summer season and pause in supplies from millers mainly attributed significant rise in sweetener prices.

Meanwhile, sugar prices in the retail market have been quoting between Rs 42 and Rs 45 per kilo in the national capital.

Sugar mill delivery M-30 and S-30 prices shot up by Rs 80 each to end at Rs 3,530-3,590 and Rs 3,520-3,580 per quintal.

Similarly, sugar ready M-30 and S-30 prices gone up by Rs 70 each to end at Rs 3,820-3,900 and Rs 3,810-3,890 per quintal.

In the millgate section, sugar Ramala, Baghpat, Morna and Nazibabad recorded a steep rise of Rs 90 each to trade higher at Rs 3,540, Rs 3,560, Rs 3,550 and Rs 3,540, while Simbholi and Anupshaher spurted by Rs 80 each at Rs 3,590 and 3,530 per quintal.

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

Sugar retail markets - Rs 36.00-45.00 per kg.

Sugar ready: M-30 Rs 3,820-3,900, S-30 Rs 3,810-3,890.

Mill delivery: M-30 Rs 3,530-3,590, S-30 Rs 3,520-3,580.

Sugar millgate (including duty): Mawana Rs 3,550, Kinnoni Rs 3,590, Asmoli Rs 3,570, Dorala Rs 3,550, Budhana Rs 3,540, Thanabhavan Rs 3,530, Dhanora Rs 3,530, Simbholi Rs 3,590, Khatuli Rs 3,580, Dhampur Rs 3,520, Ramala Rs 3,540, Anupshaher Rs 3,530, Baghpat Rs 3,560, Morna Rs 3,550, Sakoti Rs 3,530, Chandpur Rs 3,530, Nazibabad Rs 3,540 and Malakpur Rs N.T.