Sugar surges on stockists buying

Sugar prices firmed up by up to Rs 90 per quintal at the wholesale market sugar market today on brisk buying by stockists following upsurge in demand from retailers and bulk consumers.
Marketmen said increased buying by stockists to meet rising demand from retailers as well as bulk consumers mainly pushed up sugar prices.
In the national capital, sugar ready M-30 and S-30 climbed to Rs 3,750-3,860 and Rs 3,740-3,850 from previous levels of Rs 3,680-3,780 and Rs 3,670-3,770 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and traded higher at Rs 3,440-3,550 and Rs 3,430-3,540 against last close of Rs 3,400-3,500 and Rs 3,390-3,490 per quintal, respectively.

In the millgate section, Mawana, Kinnoni, Asmoli, Dorala and Budhana were settled higher at Rs 3,480,Rs 3,550, Rs 3,520, Rs 3,480 and Rs 3,480 from previous levels of Rs 3,440, Rs 3,500, Rs 3,460, Rs 3,430 and Rs 3,420 per quintal, respectively.
Thanabhavan, Dhanora, Simbholi, Khatauli, Dhampur and Ramala also enquired higher at Rs 3,470, Rs 3,460, Rs 3,530, Rs 3,520, Rs 3,490 and Rs 3,490 as gainst last levels of Rs 3,410, Rs 3,400, Rs 3,460, Rs 3,450, Rs 3,400 and Rs 3,440 per quintal respectively.

Anupshaher, Baghpat, Morna, Sakoti, Chandpur, Nazimbabad and Malakpur too quoted higher at Rs 3,490, Rs 3,500, Rs 3,500, Rs 3,480, Rs 3,450, Rs 3,490 and Rs 3,470 instead of Rs 3,440,Rs 3,450, Rs 3,450, Rs 3,400, Rs 3,400, Rs 3,440 and Rs 3,400 per quintal respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 34.00-40.00 per kg.
Sugar ready: M-30 Rs 3,750-3,860, S-30 Rs 3,740-3,850.
Mill delivery: M-30 Rs 3,440-3,550, S-30 Rs 3,430-3,540.
Sugar millgate (including duty): Mawana Rs 3,480, Kinnoni Rs 3,550, Asmoli Rs 3,520, Dorala Rs 3,480, Budhana Rs 3,480, Thanabhavan Rs 3,470, Dhanora Rs 3,460, Simbholi Rs 3,530, Khatuli Rs 3,520, Dhampur Rs 3,490, Ramala Rs 3,490, Anupshaher Rs 3,490, Baghpat Rs 3,500, Morna Rs 3,500, Sakoti Rs 3,480, Chandpur Rs 3,450, Nazibabad Rs 3,490 and Malakpur Rs 3,470.