Sugar prices fall by Rs 50 per quintal on bumper stocks

Sugar prices fell up to Rs 50 per quintal at the wholesale market in the national capital today following adequate stocks and increased supplies by mills.
Marketmen said sentiments remained weak and prices fell sharply due to ample stocks following persistent supplies by mills against subdued demand from bulk consumers.
Meanwhile, prices of sweetener have declined by over Rs 200 per quintal since the end of festive season.
Sugar ready M-30 and S-30 prices dropped by Rs 30 each to settle at Rs 2,940-3,140 and Rs 2,930-3,130 per quintal, respectively.
Mill delivery M-30 and S-30 prices too fell by a similar margin to end at Rs 2,800-2,990 and Rs 2,790-2,975 per quintal, respectively.

In millgate section, sugar Dorala, Dhanora, Chandpur and Bulandshar recorded a fall of Rs 50 each to close at Rs 2,910, Rs 2,870, Rs 2,830 and Rs 2,870, while Mawana gili lost Rs 40 at Rs 2,830 per quintal.

In tandem with overall trend, sugar Budhana, Thanabhvan, Simbholi and Sakoti slipped by Rs 35 each to Rs 2,920, Rs 2,910, Rs 2,955 and Rs 2,860 per quintal, respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 30.00-34.00 per kg.
Sugar ready: M-30 Rs 2,940-3,140 S-30 Rs 2,930-3,130.
Mill delivery: M-30 Rs 2,800-2,990 S-30 Rs 2,790-2,975.

Sugar mill gate (including duty): Mawana Rs 2,980, Kinnoni Rs 3,000 Asmoli Rs 2,925 Dorala Rs 2,910 Budhana Rs 2,920 Thanabhavan Rs 2,910 Dhanora Rs 2,870 Simbholi Rs 2,955 Modi Nagar Rs 2,850, Khatuli Rs 2,965 Dhampur (gila) Rs 2,800 Ramala Rs 2,840 Bulandshahr Rs 2,870 Anupshahr Rs 2,810 Baghpat Rs 2,850 Morna Rs 2,840 Sakoti Rs 2,860 Chandpur Rs 2,830 Nazibabad Rs 2,830 and Mawana gila 2,840.