Sugar prices decline on ample stocks, selective demand

Sugar prices declined Rs 70 per quintal at the wholesale market in the national capital today following ample stocks amid selective buying.
Marketmen said, ample stocks on constant supplies from mills and limited offtake by stockist and bulk consumers such as soft-drink and ice-cream makers led to fall in sugar prices.
Sugar ready M-30 and S-30 prices declined Rs 70 each to end at Rs 3,420-3,640 and Rs 3,410-3,630 per quintal.
Mill delivery M-30 and S-30 prices also slipped by Rs 25 each to Rs 3,215-3,415 and Rs 3,205-3,405 per quintal.
In millgate section, Dhanora, Dhampur and Chandpur dropped by Rs 40 each to Rs 3,360, Rs 3,285 and Rs 3,255 per quintal.

Sugar Dorala and Khatuli fell by Rs 30 each to Rs 3,320 and Rs 3,385, while Kinnoni, Simbholi, Nazibabad, Modinagar and Shamli also eased by Rs 25 each to Rs 3,415, Rs 3,370, Rs 3,215, Rs 3,315 and Rs 3,300 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 35.00-38.00 per kg.
Sugar ready: M-30 Rs 3,420-3,640, S-30 Rs 3,410-3,630.
Mill delivery: M-30 Rs 3,215-3,415, S-30 Rs 3,205-3,405.
Sugar millgate (including duty): Mawana Rs 3,320, Kinnoni Rs 3,415, Asmoli Rs 3,380, Dorala Rs 3,320, Budhana Rs 3,320, Thanabhavan Rs 3,315, Dhanora Rs 3,360, Simbholi Rs 3,370, Khatuli Rs 3,385, Dhampur Rs 3,285, Ramala Rs 3,225, Anupshaher Rs 3,220, Baghpat Rs 3,255, Morna Rs 3,240, Sakoti Rs 3,300, Chandpur Rs 3,255, Nazibabad Rs 3,215, Modinagar 3,315, Shamli 3,300, and Nanota 3,220.