Sugar prices fall on low demand; adequate stocks

Sugar prices remained in negative zone at the wholesale market in the national capital today due to subdued demand amid ample supplies from mills even as the government raised import duty on Friday.
Sugar ready M-30 and S-30 prices slipped from Rs 3,230-3,430 and Rs 3,220-3,420 to end at Rs 3,220-3,400 and Rs 3,210-3,390 per quintal respectively.
In a similar manner, prices of mill delivery M-30 and S-30 quoted lower at Rs 3,100-3,245 and Rs 3,080-3,225 as against previous levels of Rs 3,100-3,270 and Rs 3,080-3,255 per quintal respectively.
Among millgate section, sugar simbholi and khatuli were major losers, dropping Rs 40 each to Rs 3,220 and Rs 3,200 per quintal, while bulandshahar fell by Rs 35 at Rs 3,105 per quintal.

Prices of Modinagar and Chandpur fell by Rs 30 each to Rs 3,110 and Rs 3,100 per quintal.
Traders said the fall in sweetner prices was mostly due to adequate stocks following higher supplis from millers against subdued demand but hike in import duty to 25 per cent from 15 per cent by the government, restricted losses.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 34.00-36.00 per kg.
Sugar ready: M-30 (Rs 3,220-3,400); S-30(Rs 3,210-3,390).
Mill delivery: M-30 (Rs 3,100-3,245);
S-30(Rs3,080-3,225).
Sugar mill gate (including duty): Mawana (Rs 3,170); Kinnoni (Rs 3,245); Asmoli (Rs 3,235); Dorala (Rs 3,145); Budhana (Rs 3,140); Thanabhavan (Rs 3,130); Dhanora (Rs 3,125); Simbholi (Rs 3,220); Modi Nagar (Rs 3,110); Khatuli (Rs 3,200); Dhampur (Rs 3,115); Ramala (Rs 3,120); Bulandshahr (Rs 3,105); Anupshahr (Rs 3,100); Baghpat (Rs 3,130); Morna (Rs 3,120); Sakoti (Rs 3,120); Chandpur (Rs 3,100) and Nazibabad (Rs 3,110).