Sugar slips on reduced offtake, ample stocks

Sugar prices ended lower at the wholesale sugar market due to reduced offtake by stockists and bulk consumers against sufficient stocks position.
Marketmen said besides easing demand from stockists and bulk consumers, adequate stocks position on increased arrivals from producing belts mainly led to the decline in the sweetener's prices.
Sugar ready M-30 and S-30 slipped to Rs 3,680-3,880 and Rs 3,670-3,870 from previous levels of Rs 3,740-3,940 and Rs 3,730-3,930 per quintal, respectively.
However, mill delivery M-30 and S-30 moved both ways on alternate bouts of buying or selling and settled at Rs 3,490- 3,625 and Rs 3,480-3,615 against last close of Rs 3,445-3,690 and Rs 3,435-3,680 per quintal, respectively.

In the millgate section, Mawana, Kinnoni, Asmoli, Dorala and Budhana too finished lower at Rs 3,540, Rs 3,625, Rs 3,585, Rs 3,540 and Rs 3,540 against last close of Rs 3,600, Rs 3,690, Rs 3,665, Rs 3,595 and Rs 3,610 per quintal, respectively.
Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 37.00-40.00 per kg.
Sugar ready: M-30 Rs 3,680-3,880, S-30 Rs 3,670-3,870.
Mill delivery: M-30 Rs 3,490-3,625, S-30 Rs 3,480-3,615.
Sugar millgate (including duty): Mawana Rs 3,540, Kinnoni Rs 3,625, Asmoli Rs 3,585, Dorala Rs 3,540, Budhana Rs 3,540, Thanabhavan Rs 3,610, Dhanora Rs 3,645, Simbholi Rs 3,665, Khatuli Rs 3,670, Dhampur Rs 3,560, Ramala Rs 3,445, Anupshaher Rs 3,465, Baghpat Rs 3,475, Morna Rs 3,465, Sakoti Rs 3,580, Chandpur Rs 3,580, Nazibabad Rs 3,460, Modinagar 3,580, Shamli 3,575, and Nanota 3,440.