Sugar rules firm on upsurge in demand

Sugar prices firmed up at the wholesale market today on emergence of stockists buying following uptick in demand from retailers as well as bulk consumers amid pause in supplies.
Marketmen said stockists buying on the back of pick up in demand from retailers as well as bulk consumers and a pause in supplies from mills mainly attributed the rise in sugar prices.
Sugar ready M-30 and S-30 climbed to Rs 3,220-3,350 and Rs 3,210-3,340 from previous levels of Rs 3,150-3,280 and Rs 3,140-3,270 per quintal respectively on increased offtake.
Mill delivery M-30 and S-30 followed suit and traded higher at Rs 2,950-3,080 and Rs 2,940-3,070 as compared to last levels of Rs 2,920-3,045 and Rs 2,910-3,035 per quintal.

Similar trend was extending to millgate side on higher millers enquiries, sugar Mawana, Kinnoni, Asmoli, Dorala and Budhana edged up to Rs 3,010, Rs 3,080,Rs 3,070, Rs 2,995 and Rs 2,980 from previous close of Rs 2,965, Rs 3,045, Rs 3,040, Rs 2,965 and Rs 2,970 per quintal, respectively.
Thanabhavan, Dhanora, Simbholi, Khatauli, Dhampur and Ramala quoted higher at Rs 2,970, Rs 2,970, Rs 3,060, Rs 3,040, Rs 2,970 and Rs 3,030 against last close of 2,960, Rs 2,940, Rs 3,025, Rs 3,000, Rs 2,940 and Rs 2,970 per quintal.

Anupshaher, Baghpat, Morna, Sakoti, Chandpur, Nazibabad and Malakpur too settled higher at Rs 3,020, Rs 3,040, Rs 3,040, Rs 2,980, Rs 2,950, Rs 3,030 and Rs 2,980 instead of Rs 2,960, Rs 2,980, Rs 2,980, Rs 2,940, Rs 2,920, Rs 2,970 and Rs 2,910 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 29.00-36.00 per kg.
Sugar ready: M-30 Rs 3,220-3,350, S-30 Rs 3,210-3,340.
Mill delivery: M-30 Rs 2,950-3,080, S-30 Rs 2,940-3,070.
Sugar millgate (including duty): Mawana Rs 3,010, Kinnoni Rs 3,080, Asmoli Rs 3,070, Dorala Rs 2,995, Budhana Rs 2,980, Thanabhavan Rs 2,970, Dhanora Rs 2,970, Simbholi Rs 3,060, Khatuli Rs 3,040, Dhampur Rs 2,970, Ramala Rs 3,030, Anupshaher Rs 3,020, Baghpat Rs 3,040, Morna Rs 3,040, Sakoti Rs 2,980, Chandpur Rs 2,950, Nazibabad Rs 3,030 and Malakpur Rs 2,980.