Sugar prices fall on mounting stocks

Sugar prices dropped by Rs 70 per quintal at the wholesale market in the national capital today following huge stocks due to constant supplies from mills amid festive demand from bulk consumers.
Marketmen said the fall in sweetener prices was mostly due to mounting stocks following persistent supplies by mills.
However, they said festive season demand from bulk consumers, particularly confectioners and sweet-makers, capped the losses.
Sugar ready M-30 and S-30 declined by Rs 70 each to end at Rs 2,920-3,030 and Rs 2,910-3,020 per quintal.
Mill delivery M-30 and S-30 also edged lower by Rs 35 each to Rs 2,680-2,885 and Rs 2,670-2,875 per quintal.

In the millgate section, sugar Kinnoni and Dhampur dropped by Rs 35 each at Rs 2,885 and Rs 2,675 per quintal.

Sugar Dhanora, Simbholi, Ramala, Baghpat, Anupshaher and Morna fell by Rs 30 each at Rs 2,720, Rs 2,880, Rs 2,700, Rs 2,710, Rs 2,680 and Rs 2,710 per quintal.
Prices of Asmoli, Dorala, Khatuli, Sakoti and Nazibabad eased by Rs 20 each to Rs 2,880, Rs 2,720, Rs 2,875, Rs 2,700 and Rs 2,690 per quintal.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 30.00-35.00 per kg.
Sugar ready: M-30 Rs 2,920-3,030, S-30 Rs 2,910-3,020.

Mill delivery: M-30 Rs 2,680-2,885, S-30 Rs 2,670-2,875.
Sugar millgate (including duty): Mawana Rs Not Quoted, Kinnoni Rs 2,885, Asmoli Rs 2,880, Dorala Rs 2,720, Budhana Rs 2,725, Thanabhavan Rs 2,715, Dhanora Rs 2,720, Simbholi Rs 2,880, Khatuli Rs 2,875, Dhampur 2,675, Ramala Rs 2,700, Bulandshaher Rs N.Q, Anupshaher Rs 2,680, Baghpat Rs 2,710, Morna Rs 2,710, Sakoti Rs 2,700, Chandpur Rs N.Q, Nazibabad Rs 2,690 and Malakpur NQ.