Sugar prices down by Rs 50 per quintal on weak demand

Sugar prices drifted lower by Rs 50 per quintal at the wholesale market in the national capital today following reduced offtake by stockists and bulk consumers amid increased arrivals from mills.
Marketmen said the fall in sweetener prices was due to reduced offtake by bulk consumers and stockists in view of approaching month-end along with increased supplies from mills mainly brought down the sweetener prices.
Sugar ready M-30 and S-30 prices drifted lower by Rs 50 each to end the day at Rs 4,000-4,100 and Rs 3,990-4,090 per quintal.
Likewise, mill delivery M-30 and S-30 prices also settled lower by Rs 20 each to end at Rs 3,660-3,840 and Rs 3,650- 3,830 per quintal.

In the millgate section, sugar Dorala, Dhanora, Sakoti, Khatuli and Chandpur dropped by Rs 30 each to Rs 3,740, Rs 3,720, Rs 3,700, 3,790 and Rs 3,700 per quintal.
Prices of Budhana, Thanabhavan, Ramala, Baghpat and Morna also slipped by Rs 25 each to Rs 3,735, Rs 3,730, Rs 3,675, Rs 3,690 and Rs 3,675 per quintal, respectively.

Following are today's quotations (in Rs per quintal):
Sugar retail markets - Rs 42.00-46.00 per kg.
Sugar ready: M-30 Rs 4,000-4,100, S-30 Rs 3,990-4,090.
Mill delivery: M-30 Rs 3,660-3,840, S-30 Rs 3,650-3,830.
Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,840, Asmoli Rs 3,765, Dorala Rs 3,740, Budhana Rs 3,735, Thanabhavan Rs 3,730, Dhanora Rs 3,720, Simbholi Rs 3,830, Khatuli Rs 3,790, Dhampur Rs 3,730, Ramala Rs 3,675, Anupshaher Rs 3,655, Baghpat Rs 3,690, Morna Rs 3,675, Sakoti Rs 3,700, Chandpur Rs 3,700, Nazibabad Rs 3,660, Modinagar N.Q., Shamli 3,720 and Nanota 3,665.