Sugar prices up on strong demand

Sugar prices shot up by Rs 40 per quintal at the wholesale market in the national capital today on brisk buying by stockiest and bulk consumers coupled with thin supplies from mills.
Marketmen said robust demand from retailers, stockists and bulk consumers such as soft drink and ice-cream makers, mainly influenced sweetener prices.
Besides, tight supplies from mills too supported the upside in prices, they said.
Sugar ready M-30 and S-30 prices were higher by Rs 30 each to settle at Rs 3,840-3,900 and Rs 3,830-3,890 per quintal respectively.
Mill delivery M-30 and S-30 prices too gained Rs 40 each to end at Rs 3,540-3,620 and Rs 3,530-3,610 per quintal.

In the millgate section, sugar Kinnoni advanced by Rs 40 to Rs 3,620 and Asmoli rose by Rs 30 to Rs 3,580 per quintal.

Sugar Khatuli, Dhanaora, Mawana, Budhana, Thanabhavan and Simbholi also edged up by Rs 20 each to Rs 3,590, Rs 3,570,Rs 3,590, Rs 3,580, Rs 3,570 and Rs 3,590 per quintal respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 39.00-44.00 per kg.
Sugar ready: M-30 Rs 3,840-3,900, S-30 Rs 3,830-3,890.
Mill delivery: M-30 Rs 3,540-3,620, S-30 Rs 3,530-3,610.
Sugar millgate (including duty): Mawana Rs 3,590, Kinnoni Rs 3,620, Asmoli Rs 3,580, Dorala Rs 3,580, Budhana Rs 3,580, Thanabhavan Rs 3,570, Dhanora Rs 3,570, Simbholi Rs 3,590, Khatuli Rs 3,590, Dhampur Rs 3,550, Ramala Rs 3,550, Anupshaher Rs 3,540, Baghpat Rs 3,570, Morna Rs 3,570, Sakoti Rs 3,550, Chandpur Rs 3,550, Nazibabad Rs 3,560 and Malakpur Rs N.T.