Sugar slide on adequate supply, reduced offtake

Sugar prices drifted at the wholesale market in the national capital today, dragged down by persistent supplies by mills against subdued demand from bulk consumers.
Marketmen said besides reduced offtake by bulk consumers, ample supplies from mills mainly kept pressure on sugar prices.
Sugar ready M-30 and S-30 eased to Rs 2,900-3,100 and Rs 2,890-3,090 against last close of Rs 2,900-3,110 and Rs 2,890-3,100 per quintal respectively.
Similarly, sugar mill delivery M-30 and S-30 traded lower at Rs 2,780-2,945 and Rs 2,770-2,930 as compared to previous levels of Rs 2,800-2,960 and Rs 2,790-2,945 per quintal respectively.
In the millgate section, Kinnoni, Dorala, Shimbholi and Bulandshahr ended lower at Rs 2945, Rs 2850, Rs 2,950 and Rs 2825 against last close of Rs 2,960, Rs 2,875, 2,970 and Rs 2,855 per quintal respectively.

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

Sugar retail markets - Rs 30.00-34.00 per kg.
Sugar ready: M-30 Rs 2,900-3,100 S-30 Rs 2,890-3,090.
Mill delivery: M-30 Rs 2,780-2,945 S-30 Rs 2,770-2,930.
Sugar mill gate (including duty): Mawana Rs 2,900, Kinnoni Rs 2,945 Asmoli Rs 2,900 Dorala Rs 2,850 Budhana Rs 2,890 Thanabhavan Rs 2,890 Dhanora Rs 2,850 Simbholi Rs 2,950 Modi Nagar Rs 2,820, Khatuli Rs 2,950 Dhampur (gila) N.T. Ramala Rs 2,820 Bulandshahr Rs 2,825 Anupshahr Rs 2,800 Baghpat Rs 2,830 Morna Rs 2,830 Sakoti Rs 2,830 Chandpur Rs 2,785 Nazibabad Rs 2,810.