Sugar prices ease on adequate stocks

Sugar prices fell by Rs 20 per quintal at the wholesale sugar market in national capital today following heavy position of stocks in markets.
Marketmen said mounting of stocks following constant arrivals from mills mainly led to fall in sweetener prices.
However, good demand from stockists, bulk consumers such as soft-drink, ice-cream and sweet makers due to ongoing marriage season managed to halt the steep fall in sweetener prices.
Sugar ready M-30 and S-30 prices moved down from Rs 2,770-3,000 and Rs 2,760-2,980 to settle at Rs 2,760-2,990 and Rs 2,750-2,970 per quintal.
Mill delivery M-30 and S-30 prices also settled lower by Rs 20 each to Rs 2,680-2,845 and Rs 2,665-2,820 per quintal.

In millgate section, sugar Dhampur, Anupshar, Nazibabad and Sakoti dropped the most by Rs 20 each at Rs 2,710, Rs 2,690, Rs 2,700 and Rs 2,690 per quintal, while Thanabhavan and Simbholi fell Rs 15 each to Rs 2,735 and Rs 2,810 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 32.00-35.00 per kg.
Sugar ready: M-30 Rs 2,760-2,990 S-30 Rs 2,750-2,970.
Mill delivery: M-30 Rs 2,680-2,845 S-30 Rs 2,665-2,820.
Sugar mill gate (including duty): Mawana Rs 2,750, Kinnoni Rs 2,845, Asmoli Rs 2,800, Dorala Rs 2,725, Budhana Rs 2,750, Thanabhavan Rs 2,735, Dhanora Rs 2,710, Simbholi Rs 2,810, Modi Nagar Rs 2,710, Khatuli Rs 2,810, Dhampur 2,710, Ramala Rs 2,720, Bulandshahr Rs N.T., Anupshahr Rs 2,690, Baghpat Rs 2,730, Morna Rs 2,730, Sakoti Rs 2,690, Chandpur Rs 2,690, Nazibabad Rs 2,700.