Sugar rules firm on buying by stockists

Firm conditions prevailed at the wholesale sugar market in the national capital today as prices rose on buying by stockists and bulk consumer amid government's decision to raise import duty on the sweetener to 40 per cent.
Marketmen said the government's decision on extension of the sugar export incentive of Rs 3,300 per tonne till September this year influenced sugar prices.
Sugar ready M-30 and S-30 edged up to Rs 3,320-3,460 and Rs 3,300-3,430 from previous levels of Rs 3,270-3,400 and Rs 3,250-3,380 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and traded higher at Rs 3,160-3,300 and Rs 3,140-3,240 against last close of Rs 3,130-3,245 and Rs 3,110-3,225 per quintal, respectively.

In the millgate section, Mawana, Kinnoni and Asmoli also ended higher at Rs 3,230, Rs 3,300 and Rs 3,250 from previous levels of Rs 3,160, Rs 3,240 and Rs 3,210 per quintal, respectively.
Following are today's quotations per quintal:

Sugar ready: M-30 Rs 3,320-3,460; S-30 Rs 3,300-3,430.
Mill delivery: M-30 Rs 3,160-3,300; S-30 Rs 3,140-3240.
Sugar mill gate (including duty): Mawana 3,230; Kinnoni 3,300; Asmoli 3,250; Dorala 3,220; Budhana 3,200; Thanabhavan 3,190; Dhanora 3,165; Simbholi 3,225; Modi Nagar Rs 3,170; Khatuli 3,220; Dhampur 3,130; Ramala 3,140; Bulandshahr 3,140; Anupshahr 3,120; Baghpat 3,150; Morna 3,140; Sakoti 3,125; Chandpur 3,140 and Nazibabad 3,130.