Sugar prices spurt on strong demand

Sugar prices rallied by Rs 90 per quintal at the wholesale market in the national capital today, driven by increased buying by stockists, retailers and bulk consumers amid restricted supplies from mills.
Moreover, a firm trend in sweetener at the futures market too supported uptrend in prices.
Marketmen said besides pick up in demand from retailers, stockists and bulk consumers ahead of festive season, tight supplies from mills, influenced sugar prices.
Sugar ready M-30 and S-30 prices enquired higher by Rs 80 each to end at Rs 3,900-4,000 and Rs 3,890-3,990 per quintal.
Similarly, mill delivery M-30 and S-30 prices shot up by same margin of Rs 80 each to settle at Rs 3,550-3,690 and Rs 3,540-3,680 per quintal.

In the millgate section, sugar Asmoli and Simbholi climbed up by Rs 90 each to Rs 3,650 and Rs 3,680, while Kinnoni traded higher by Rs 80 to Rs 3,690 per quintal.

Sugar Khatuli got a rise of Rs 65 at Rs 3,660, while Dorala, Budhana and Thanabhavan gained Rs 50 each to settle the day at Rs 3,600 each per quintal.
Sugar Mawana, Dhampur, Sakoti and Chanpur also registered a rise of Rs 40 each at Rs 3,630, Rs 3,550, Rs 3,580 and Rs 3,560 per quintal respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 37.00-41.00 per kg.

Sugar ready: M-30 Rs 3,900-4,000, S-30 Rs 3,890-3,990.
Mill delivery: M-30 Rs 3,550-3,690, S-30 Rs 3,540-3,680.
Sugar millgate (including duty): Mawana Rs 3,630, Kinnoni Rs 3,690, Asmoli Rs 3,650, Dorala Rs 3,600, Budhana Rs 3,600, Thanabhavan Rs 3,600, Dhanora Rs 3,590, Simbholi Rs 3,680, Khatuli Rs 3,660, Dhampur Rs 3,550, Ramala Rs 3,550, Anupshaher Rs 3,570, Baghpat Rs 3,560, Morna Rs 3,570, Sakoti Rs 3,580, Chandpur Rs 3,560, Nazibabad Rs 3,570 and Malakpur Rs N.T.