Sugar prices up on paucity of stocks, seasonal demand

Sugar prices strengthened by Rs 30 per quintal in futures trading today following increased offtake by retailers, stockists and bulk consumers, triggered by pause in supplies from mills.
Marketmen said strong demand for the ongoing summer and wedding season coupled with speculative buying by stockists mainly pushed up sweetener prices.
Besides, fall in supplies from mills too gave push to rising sweetener prices,they added.
Sugar ready M-30 and S-30 prices improved by Rs 20 each to settle at Rs 4,040-4,140 per quintal.
Similarly, mill delivery M-30 and S-30 prices enquired higher by Rs 20 each to end at Rs 3,680-3,770 and Rs 3,670- 3,770 per quintal.

In the millgate section, sugar Ramala rose the most by Rs 30 to end at Rs 3,690, followed by Nazibabad by Rs 25 to Rs 3,685 per quintal.

Sugar Anupshaher and Baghpat advanced by Rs 20 each to Rs 3,680 and Rs 3,700, while Kinnoni and Chandpur edged up by Rs 10 each to Rs 3,770 and Rs 3,700 per quintal.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 43.00-45.00 per kg.
Sugar ready: M-30 Rs 4,040-4,140, S-30 Rs 4,030-4,130.
Mill delivery: M-30 Rs 3,680-3,770, S-30 Rs 3,670-3,760.
Sugar millgate (including duty): Mawana Rs 3,725, Kinnoni Rs 3,770, Asmoli Rs 3,750, Dorala Rs 3,730, Budhana Rs 3,725, Thanabhavan Rs 3,720, Dhanora Rs 3,740, Simbholi Rs 3,750, Khatuli Rs 3,750, Dhampur Rs 3,710, Ramala Rs 3,690, Anupshaher Rs 3,680, Baghpat Rs 3,700, Morna Rs 3,695, Sakoti Rs 3,720, Chandpur Rs 3,700, Nazibabad Rs 3,685 and Modinagar Rs 3,730.