Sugar remains down on ample stocks, weak demand

Weak conditions continued as sugar millgate prices eased by another Rs 5 per quintal at the wholesale market in the national capital today largely on mounting stocks in on persistent supplies by mills amid sporadic buying by bulk consumers.
However, sugar spot prices ruled steady on scattered demand from retailers.
Marketmen said rising stocks in the market following persistent supplies by mills mainly kept sugar millgate prices down.
They said, however, summer seasonal demand from stockists and bulk consumers such as soft-drink and ice-cream, limited the losses.
In millgate section, sugar Simbholi, Ramala and Khatuli
fell by Rs 5 each to Rs 2,460, Rs 2,375 and Rs 2,460 per quintal.

Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 29.00-33.00 per kg.
Sugar ready: M-30 Rs 2,520-2,640 S-30 Rs 2,490-2,620.
Mill delivery: M-30 Rs 2,370-2,490 S-30 Rs 2,350-2,460.
Sugar millgate (including duty): Mawana Rs 2,410, Kinnoni Rs 2,490, Asmoli Rs 2,440, Dorala Rs 2,420, Budhana Rs 2,410, Thanabhavan Rs 2,400, Dhanora Rs 2,410, Simbholi Rs 2,460, Modi Nagar Rs 2,420, Khatuli Rs 2,460, Dhampur 2,385, Ramala Rs 2,375, Bulandshaher Rs 2,390, Anupshaher Rs 2,370, Baghpat Rs 2,390, Morna Rs 2,390, Sakoti Rs 2,380, Chandpur Rs 2,390, Nazibabad Rs 2,370.