Sugar prices fall on low demand, ample stocks

Sugar prices drifted by Rs 40 per quintal at the wholesale market today largely due to subdued demand form bulk consumers against adequate stocks position on persistent supplies by millers.
Marketmen said mounting stocks in the market following persistent supplies from mills mainly led to the fall in sweetener prices but scattered buying by retailers capped the fall.
Sugar ready M-30 and S-30 prices declined by Rs 40 to Rs 2,960-3,190 and Rs 2,950-3,175 per quintal.
In similar manner, mill delivery M-30 and S-30 were down by Rs 20 each to Rs 2,820-3,010 and Rs 2,810-3,025 per quintal.
In the millgate section, sugar Modinagar suffered the most by with prices falling by Rs 35 to close at Rs 2,890 per quintal.

Prices of Ramala, Bulandshar, Anupshar, Baghpat, Morna, Sakoti and Nazibabad also eased by Rs 20 each to Rs 2,850, Rs 2,920, Rs 2,820, Rs 2,860, Rs 2,850, Rs 2,900 and Rs 2,840 per quintal respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 31.00-34.00 per kg.
Sugar ready: M-30 Rs 2,960-3,190 S-30 Rs 2,950-3,175.
Mill delivery: M-30 Rs 2,820-3,040 S-30 Rs 2,810-3,025.
Sugar mill gate (including duty): Mawana Rs 2,980, Kinnoni Rs 3,040 Asmoli Rs 3,000 Dorala Rs 2,970 Budhana Rs 2,965 Thanabhavan Rs 2,955 Dhanora Rs 2,920 Simbholi Rs 3,010 Modi Nagar Rs 2,890, Khatuli Rs 3,010 Dhampur (gila) Rs 2,810 Ramala Rs 2,850 Bulandshahr Rs 2,920 Anupshahr Rs 2,820 Baghpat Rs 2,860 Morna Rs 2,850 Sakoti Rs 2,900 Chandpur Rs 2,885 Nazibabad Rs 2,840 and Mawana gila 2,880.