Sugar slips on heavy stocks, sporadic demand

Sugar prices were down by Rs.30 per quintal at the wholesale sugar market in the national capital today largely on mounting stocks on persistent supplies from mills amidst scattered buying.
Marketmen said adequate stocks in the market on the back of increased supplies from mills mainly weighed on sweetner prices.
Sugar ready M-30 and S-30 prices slipped by Rs.25 each to settle at Rs.3,000-3,190 and Rs.2,990-3,175 per quintal.
Similarly, mill delivery M-30 and S-30 prices eased by Rs.25 each to Rs.2,840-3,040 and Rs.2,830-3,025 per quintal.
In the millgate section, sugar Asmoli, Simbholi, Khatuli and Chandpur were down by Rs.30 each to Rs.3,000, Rs.3,020, Rs.3,025 and Rs.2,900 per quintal.

Prices of Mawana, Kinnoni, Daurala, Bulandshar, Morna and Anupshar looked down by Rs.20 each to Rs.2,980, Rs.3,040, Rs.2.980, Rs.2,940, 2,870 and Rs.2,840 per quintal respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 31.00-34.00 per kg.
Sugar ready: M-30 Rs 3,000-3,190 S-30 Rs 2,990-3,175.
Mill delivery: M-30 Rs 2,840-3,040 S-30 Rs 2,830-3,025.
Sugar mill gate (including duty): Mawana Rs 2,980, Kinnoni Rs 3,040 Asmoli Rs 3,000 Daurala Rs 2,980 Budhana Rs 2,970 Thanabhavan Rs 2,960 Dhanora Rs 2,935 Simbholi Rs 3,020 Modi Nagar Rs 2,925, Khatuli Rs 3,025 Dhampur (gila) Rs 2,830 Ramala Rs 2,870 Bulandshahr Rs 2,940 Anupshahr Rs 2,840 Baghpat Rs 2,880 Morna Rs 2,870 Sakoti Rs 2,920 Chandpur Rs 2,900 and Nazibabad Rs 2,860.