Sugar rises as demand picks up

Sugar prices rose up to Rs 40 per quintal in the wholesale sugar market at the national capital today mostly supported by increased offtake by stockists to meet rising demand from bulk consumers.
Besides, fall in supplies due to ongoing "kaanwar-yatra" too supported the upside in the sweetner prices.
Marketmen said apart from increased offtake by stockists to meet rising demand from bulk consumers such as ice-cream makers, restricted supplies by mills influenced sugar prices.
Sugar ready M-30 and S-30 prices surged by Rs 40 to settle at Rs 3,400-3,520 and Rs 3,390-3,500 per quintal.
Mill delivery M-30 and S-30 prices also traded higher by Rs 10 each to Rs 3,180-3,355 and Rs 3,160-3,335 per quintal.

In millgate section, sugar Mawana, Dorala, hanabhavan, Budhana, Dhanora, Khatuli, Dhampur and Chandpur all rose by Rs 20 each to Rs 3,275, Rs 3,280, Rs 3,270, Rs 3,280, Rs 3,235, Rs 3,340, Rs 3,245, Rs 3,205 per quintal respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 37.00-39.00 per kg.
Sugar ready: M-30 (Rs 3,400-3,520); S-30(Rs 3,390-3,500).
Mill delivery: M-30 (Rs 3,180-3,355); S-30 (Rs.3,160-3,335).
Sugar mill gate (including duty): Mawana (Rs 3,275); Kinnoni (Rs 3,355); Asmoli (Rs 3,325); Dorala (Rs 3,280); Budhana (Rs 3,280); Thanabhavan (Rs 3,270); Dhanora (Rs.3,235); Simbholi (Rs 3,345); Modi Nagar (Rs 3,270); Khatuli (Rs 3,340); Dhampur (Rs 3,245); Ramala (Rs 3,200); Bulandshahr (Rs 3,215); Anupshahr (Rs 3,180); Baghpat (Rs 3,210); Morna (Rs 3,200); Sakoti (Rs 3,240); Chandpur (Rs 3,205) and Nazibabad (Rs 3,190).