Sugar prices fall on ample stocks, weak demand

Sugar prices settled lower by Rs 30 per quintal at the wholesale market in the national capital today following ample supplies from mills amid muted demand from bulk consumers.
Marketmen said besides slackened demand from bulk consumers such as soft drinks and ice-cream makers, higher supplies from millers mainly led to fall in sweetener prices.
Sugar ready M-30 and S-30 prices eased by Rs 30 each to Rs 3,900-4,000 and Rs 3,890-3,990 per quintal respectively.
Mill delivery M-30 and S-30 prices were also down by Rs 10 each to Rs 3,640-3,700 and Rs 3,630-3,690 per quintal respectively.
In the millgate section, sugar Dhampur declined by Rs 30 to Rs 3,610 followed by Budhana, Thanabhavan and Khatuli by Rs 25 each to Rs 3,640, Rs 3,635 and Rs 3,685 per quintal respectively.

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

Sugar retail markets - Rs 41.00-43.00 per kg.
Sugar ready: M-30 Rs 3,900-4,000, S-30 Rs 3,890-3,990.
Mill delivery: M-30 Rs 3,640-3,700, S-30 Rs 3,630-3,690.
Sugar millgate (including duty): Mawana Rs 3,660, Kinnoni Rs 3,700, Asmoli Rs 3,660, Dorala Rs 3,650, Budhana Rs 3,640, Thanabhavan Rs 3,635, Dhanora Rs 3,640, Simbholi Rs 3,690, Khatuli Rs 3,685, Dhampur Rs 3,610, Ramala Rs 3,640, Anupshaher Rs 3,630, Baghpat Rs 3,660, Morna Rs 3,660, Sakoti Rs 3,640, Chandpur Rs 3,630, Nazibabad Rs 3,640 and Malakpur Rs N.T.