Sugar surges on new fresh demand, tight supply

Sugar prices firmed up by up to Rs 75 per quintal at the wholesale market in the national capital today following frantic buying by stockists and bulk consumers to meet new demand.

Marketmen said frantic buying by stockists and bulk consumers, such as soft-drink and ice-cream makers to meet the ongoing new month demand, powered by restricted supplies from mills due to blockage and diversion in routes in view of ongoing auspicious "Kanwar-Yatra", mainly brought the upsurge in sweetener prices.

In the price section, sugar ready M-30 and S-30 prices enquired higher by Rs 60 each to finish the day at Rs 3,560-3,660 and Rs 3,540-3,650 per quintal.

Likewise, mill delivery M-30 and S-30 prices quoted higher by similar margins of Rs 60 each to conclude the day at Rs 3,300-3,420 and Rs 3,290-3,410 per quintal.

In the mill gate section, the biggest rise of Rs 75 each were seen in sugar Dhampur, Dhanora and Malakpur at Rs 3,300, Rs 3,385 and Rs 3,345, followed by Asmoli by Rs 70 to Rs 3,410 per quintal.

Sugar Mawana, Khatuli, Modinagar rose by Rs 60 each to Rs 3,350, Rs 3,400 and Rs 3,345, while Dorala Simbholi, Sakoti and Shamli gained by Rs 50 each to Rs 3,340, Rs 3,380, Rs 3,310 and Rs 3,305 per quintal respectively.

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