Sugar prices down on ample supply

Sugar prices fell by Rs 35 per quintal in the national capital today due to heavy ready stocks, following higher supplies from mills.
Besides, reduced offtake by bulk consumers and retailers too put pressure on sweetner prices.
Marketmen said besides huge ready stocks position in the market on persistent supplies from mills, reduced offtake by stockists following slackened demand from bulk consumers, largely attributed fall in prices.
Sugar ready M-30 and S-30 prices traded lower at Rs 3,350-3,510 and Rs 3,340-3,500 compared with last close of Rs 3,350-3,540 and Rs 3,340-3,530 per quintal.
Mill delivery M-30 and S-30 prices also weakened to Rs 3,140-3,360 and Rs 3,120-3,350 from Rs 3,175-3,370 and Rs 3,155-3,360 per quintal.

In millgate section, prices of Mawana, Budhana and chandpur lost Rs 30 each at Rs 3,270, Rs 3,250 and Rs 3,140 per quintal.

Sugar Asmoli, Thanabhavan, Dhanora, Ramala, Baghpat and Nazibabad also moved down by Rs 20 each at Rs 3,280, Rs 3,240, Rs 3,185, Rs 3,230, Rs 3,240 and Rs 3,220 per quintal, respectively.
Following are today's quotations per quintal:
Sugar ready: M-30 Rs 3,350-3,510, S-30 Rs 3,340-3,500.
Mill delivery: M-30 Rs 3,140-3,360; S-30 Rs 3,120-3350.
Sugar mill gate (including duty): Mawana 3,270, Kinnoni 3,360, Asmoli 3,280, Dorala 3,310, Budhana 3,250, Thanabhavan 3,240, Dhanora 3,185, Simbholi 3,335, Modi Nagar Rs 3,220, Khatuli 3,315, Dhampur 3,190, Ramala 3,230, Bulandshar 3,175, Anupshar 3,200, Baghpat 3,240, Morna 3,240, Sakoti 3,180, Chandpur 3,140 and Nazibabad 3,220.