Sugar prices decline on low demand, ample stocks

Image
Press Trust of India New Delhi
Last Updated : Aug 20 2018 | 3:05 PM IST

Sugar prices fell by up to Rs 15 per quintal at the wholesale market in the national capital today following ample stocks on increased supplies from mills.

Marketmen said apart from ample stocks, reduced offtake by bulk consumers such as soft-drink and confectioners exerted pressure on sweetner's prices.

Sugar ready M-30 and S-30 shed Rs 10 each to end at Rs 3,330-3,530 and Rs 3,320-3,520 per quintal.

Mill delivery M-30 and S-30 prices also eased by Rs 100 each to finish at Rs 3,180-3,330 and Rs 3,170-3,320 per quintal.

In the mill gate section, sugar Dhanora and Khatuli lost Rs 15 each to Rs 3,290 and Rs 3,305, while Kinnoni and Dhampur inched down by Rs 10 each to Rs 3,330 and Rs 3,180 per quintal.

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

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 20 2018 | 3:05 PM IST

Next Story