Sugar up on increased demand, tight supply

Sugar prices improved by up to Rs 30 per quintal at the wholesale market in the national capital today following tight supplies from mills amid a boost in demand from stockists and bulk consumers.

Marketmen said besides tight supplies from mills, pick up in demand from stockists and bulk consumers such as soft-drink and ice-cream makers, who accumulated stocks at current levels ahead of the new month, mainly pushed up sweetener prices.

Sugar ready M-30 and S-30 prices were higher by Rs 20 each to end the day at Rs 3,440-3,540 and Rs 3,430-3,530 as compared to Rs 3,420-3,540 and Rs 3,410-3,530 per quintal previously.

Mill delivery M-30 and S-30 prices also recorded an uptick of Rs 15 each at Rs 3,160-3,325 and Rs 3,150-3,315 per quintal.

In the mill gate section, sugar Mawana and Dorala rose by Rs 30 each to both settle at Rs 3,250 each per quintal.

Sugar Budhana and Thanabhavan gained Rs 25 each to Rs 3,240 and Rs 3,230, while, Shamli went up by Rs 20 to Rs 3,200 per quintal.

Kinnoni and Khatuli also edged up by Rs 15 each to both end at Rs 3,325 each per quintal.

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