Sugar prices surge Rs 100 a quintal as demand picks up

Sugar registered a significant rise of Rs 100 per quintal in its prices at the wholesale market in the national capital today mostly after demand from bulk consumers and retailers picked up.
Furthermore, check in supplies at prevailing levels by mills too supported the persistent rise in the sugar prices.
Marketmen said revival of demand from bulk consumers, including soft drink and ice-makers, triggered by beginning of summer season, attributed steep rise in sweetener prices.
Besides, fall in supplies from mills at prevailing levels too influenced prices, they added.
Prices have gone up by over Rs 150 per quintal in the three straight days.

Sugar ready M-30 and S-30 prices shot up by Rs 100 to end at Rs 2,680-2,850 and Rs 2,670-2,840 per quintal.

Similarly, mill delivery M-30 and S-30 prices spurted by Rs 100 each to Rs 2,510-2,650 and Rs 2,500-2,630 per quintal.
In the mill gate section, sugar Simbholi went up by Rs 100 to Rs 2630 per quintal. Bulandshar and Anpshar too rose by a similar margin to close at Rs 2,510 per quintal each.
Prices of Baghpat, Chandpur, Morna and Nazibabad also surged by Rs 90 each to Rs 2,530, Rs 2,510, Rs 2,530 and Rs 2,510 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 30.00-34.00 per kg.
Sugar ready: M-30 Rs 2,680-2,850 S-30 Rs 2,670-2,840.
Mill delivery: M-30 Rs 2,510-2,650 S-30 Rs 2,500-2,630.
Sugar millgate (including duty): Mawana Rs 2,525, Kinnoni Rs 2,650, Asmoli Rs 2,600, Dorala Rs 2,530, Budhana Rs 2,540, Thanabhavan Rs 2,530, Dhanora Rs 2,520, Simbholi Rs 2,630, Modi Nagar Rs 2,525, Khatuli Rs 2,580, Dhampur 2,510, Ramala Rs 2,520, Bulandshahr Rs 2,510, Anupshar Rs 2,510, Baghpat Rs 2,530, Morna Rs 2,530, Sakoti Rs 2,490, Chandpur Rs 2,510, Nazibabad Rs 2,510.