Sugar prices decline on higher supply

Sugar millgate prices eased further by Rs 5 per quintal in the national capital today following adequate stocks on higher supplies from mills amidst low demand from bulk consumers.
Marketmen said apart from subdued demand from bulk consumers and retailers, supply pressure from mills, mainly weighed on sweetner prices.
Sugar mill delivery M-30 and S-30 prices were down by Rs 5 each to Rs 3,130-3,240 and Rs 3,110-3,220 per quintal.
In millgate section, Sugar Bulandshar, Khatuli, Mawana and Modinagar eased by Rs 5 each to Rs 3,140, Rs 3,220, Rs 3,160, Rs 3,170 per quintal.
Following are today's quotations per quintal:

Sugar ready: M-30 Rs 3,270-3,400; S-30 Rs 3,250-3,380.
Mill delivery: M-30 Rs 3,130-3,245; S-30 Rs 3,110-3225.
Sugar mill gate (including duty): Mawana Rs 3,160; Kinnoni Rs 3,240; Asmoli Rs 3,210; Dorala Rs 3,220; Budhana Rs 3,200; Thanabhavan Rs 3,190; Dhanora Rs 3,165; Simbholi Rs 3,225; Modi Nagar Rs 3,170; Khatuli Rs 3,220; Dhampur Rs 3,130; Ramala Rs 3,140; Bulandshar Rs 3,140; Anupshar Rs 3,120; Baghpat Rs 3,150; Morna Rs 3,140; Sakoti Rs 3,125; Chandpur Rs 3,140 and Nazibabad Rs 3,130.