Sugar strengthens on rising demand

Sugar prices strengthened at the wholesale market in the national capital today supported by rising demand from retailers as well as bulk consumers.
Traders attributed the rise in sugar prices to rising demand from retailers and bulk consumers amid a firming trend overseas.
Sugar ready M-30 and S-30 advanced to Rs 3,200-3,400 and Rs 3,190-3,390, respectively, from previous levels of Rs 3,190-3,310 and Rs 3,180-3,300 per quintal.
Mill delivery M-30 and S-30 followed suit and edged higher to Rs 2,980-3,240 and Rs 2,970-3,230, respectively, from last close of Rs 2,880-3,130 and Rs 2,870-3,120 per quintal.
In the millgate section, Mawana, Kinnoni, Asmoli, Dorala and Budhana also quoted higher at Rs 3,140, Rs 3,240, Rs 3,230 Rs 3,140 and Rs 3,140 as against Rs 3,020, Rs 3,120, Rs 3,120, Rs 3,020 and Rs 3,030 per quintal, respectively.

Thanabhavan, Dhanora, Simbholi, Khatauli, Dhampur and Ramala too finished higher at Rs 3,130, Rs 3,110, Rs 3,230, Rs 3,190, Rs 3,090 and Rs 2,990, respectively, from previous levels of Rs 3,020, Rs 3,010, Rs 3,130, Rs 3,090, Rs 2,990 and Rs 2,890 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 3,200-3,400, S-30 Rs 3,190-3,390.
Mill delivery: M-30 Rs 2,980-3,240, S-30 Rs 2,970-3,230.
Sugar millgate (including duty): Mawana Rs 3,140, Kinnoni Rs 3,240, Asmoli Rs 3,230, Dorala Rs 3,140, Budhana Rs 3,140, Thanabhavan Rs 3,130, Dhanora Rs 3,110, Simbholi Rs 3,230, Khatuli Rs 3,190, Dhampur Rs 3,090, Ramala Rs 2,990, Anupshaher Rs 2,980, Baghpat Rs 3,000, Morna Rs 3,000, Sakoti Rs 3,090, Chandpur Rs 3,080, Nazibabad Rs 2,990 and Malakpur Rs 3,070.