Sugar prices slide on ample stocks, weak demand

Sugar prices declined by Rs 60 per quintal at the wholesale market in the national capital today following abound availability of stocks amid limited offtake.

Marketmen said bumper stocks on regular supplies from mills, triggered by selective buying by stockist and bulk consumers, such as soft-drink and ice-cream makers mainly led to fall in sweetener prices.

Sugar mill delivery M-30 and S-30 prices dipped by Rs 60 each to Rs 3,240-3,380 and Rs 3,230-3,370 per quintal.

Sugar ready M-30 and S-30 prices also dropped by Rs 30 each to conclude at Rs 3,530-3,630 and Rs 3,520-3,620 per quintal.

In mill gate section, sugar Malakpur lost Rs 60 to Rs 3,285, followed by Asmoli dropped by Rs 50 to Rs 3,360 per quintal.

Sugar Kinnoni, Modinagar and Dhampur fell by Rs 40 each to Rs 3,380, Rs 3,305 and Rs 3,260, while Khatuli, Sakoti and Shamli slipped by Rs 30 each to Rs 3,370, Rs 3,280 and Rs 3,275 per quintal.

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