Sugar prices go up sharply by Rs 160 per quintal

Sugar prices flared by a whopping Rs 160 per quintal at the wholesale market in the national capital Friday following sturdy demand and tight supplies.

Marketmen said widespread buying by stockists and bulk consumers such as soft-drink, ice-cream and confectioners after the approval of over 25 per cent hike in the ethanol prices, largely attributed the sharp rise in sugar prices.

In addition, pause in supplies from mills also supported the upside in prices, they added.

Sugar ready M-30 and S-30 prices shot up by Rs 160 each to finish the day at Rs 3,400-3,600 and Rs 3,390-3,590 per quintal.

Likewise, mill delivery M-30 and S-30 prices climbed Rs 110 each to Rs 3,150-3,300 and Rs 3,140-3,290 per quintal.

In the mill gate section, sugar Kinnoni and Asmoli shot up by Rs 120 each to conclude at Rs 3,330 and Rs 3,300, Khatuli by Rs 105 to Rs 3,300, Dhampur by Rs 100 to Rs 3,150 and Shamli and Modinagar by Rs 95 each to Rs 3,150 and Rs 3,170 per quintal.

Sugar Mawana, Malakpur, Dorala, Budhana, Thanabhavan, Dhanora all surged up to Rs 90 per quintal to Rs 3,185, Rs 3,160, Rs 3,180, Rs 3,175, Rs 3,170 and Rs 3,260 per quintal respectively.

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