Sugar prices slip on muted demand, higher supply

Sugar prices drifted lower by Rs 40 per quintal at the wholesale market in the national capital today following ample stocks on increased supplies from millers amid subdued demand from stockists as well as bulk consumers.
Besides, weakening trend in futures markets too weighed on sweetener prices.
Marketmen said the fall in sugar prices was mostly attributed to supply pressure against slackened demand from stockists and bulk consumers such as soft-drink and ice-cream makers.
Sugar ready M-30 and S-30 prices were down by Rs 20 each to end at Rs 3,620-3,700 and Rs 3,610-3,690 per quintal.
Similarly, mill delivery M-30 and S-30 traded lower by Rs 20 each to Rs 3,380-3,450 and Rs 3,370-3,440 per quintal.

In the millgate section, sugar Sakoti, Asmoli and Dorala fell by Rs 40 each to Rs 3,380, Rs 3,400 and Rs 3,390 per quintal.

Sugar Dhanora, Mawana, Budhana, Thanabhavan and Malakpur shed Rs 30 each to trade at Rs 3,380, Rs 3,400, Rs 3,390, Rs 3,380 and Rs 3,400 per quintal.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 33.00-39.00 per kg.
Sugar ready: M-30 Rs 3,620-3,700, S-30 Rs 3,610-3,690.
Mill delivery: M-30 Rs 3,380-3,450, S-30 Rs 3,370-3,440.
Sugar millgate (including duty): Mawana Rs 3,400, Kinnoni Rs 3,450, Asmoli Rs 3,400, Dorala Rs 3,390, Budhana Rs 3,390, Thanabhavan Rs 3,380, Dhanora Rs 3,380, Simbholi Rs 3,420, Khatuli Rs 3,420, Dhampur Rs 3,380, Ramala Rs 3,420, Anupshaher Rs 3,420, Baghpat Rs 3,430, Morna Rs 3,430, Sakoti Rs 3,380, Chandpur Rs 3,380, Nazibabad Rs 3,420 and Malakpur Rs 3,400.