Sugar prices fall on supply pressure, subdued demand

Sugar prices drifted by Rs 30 per quintal at the wholesale market in the national capital today on supply pressure from mills against sluggish demand.
Marketmen attributed the fall in the sweetener prices to ample stocks following increased supplies from mills against low demand from bulk consumers.
Sugar ready M-30 and S-30 prices shed Rs 30 each to end at Rs 2,950-3,080 and Rs 2,940-3,070 per quintal.
Mill delivery M-30 and S-30 prices also eased by Rs 10 each to conclude at Rs 2,700-2,920 and Rs 2,690-2,910 per quintal.
In the millgate section, sugar Nazibabad eased by Rs 20 at Rs 2,710, while Dhanora by Rs 10 at Rs 2,740 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 2,950-3,080, S-30 Rs 2,940-3,070.
Mill delivery: M-30 Rs 2,700-2,920, S-30 Rs 2,690-2,910.
Sugar millgate (including duty): Mawana Rs Not Quoted, Kinnoni Rs 2,920, Asmoli Rs 2,910, Dorala Rs 2,755, Budhana Rs 2,750, Thanabhavan Rs 2,740, Dhanora Rs 2,740, Simbholi Rs 2,900, Khatuli Rs 2,900, Dhampur 2,700, Ramala Rs 2,730, Bulandshaher Rs N.Q, Anupshaher Rs 2,710, Baghpat Rs 2,740, Morna Rs 2,740, Sakoti Rs 2,720, Chandpur Rs N.Q, Nazibabad Rs 2,710 and Malakpur NQ.