Sugar millgate price eases on selling pressure

Sugar mill gate prices softened by upto Rs 10 per quintal in the national capital today on ample supply amid reduced offtake.

However, sugar spot prices ended around overnight levels on little doings. Marketmen said increased arrivals from mills along with reduced offtake by stockists, mainly pulled down mills sugar prices.

In mill gate section, sugar mawana and dorala dropped by Rs 10 each to Rs 2,670 and Rs 2,650 per quintal.

Kinnoni and asmoli also eased by Rs 10 each to Rs 2,720 and Rs 2,715 per quintral.

Following are today's rates in Rs per quintal:

Sugar ready M-30 2,800-2,900 and S-30 2,790-2,890
Mill delivery M-30 2,650-2,725 and S-30 2,640-2715

 

Sugar mill gate prices (excluding duty): Kinonni 2,720, Asmoli 2,715, Mawana 2,670, Titabi 2,650, Thanabhavan 2,630, Budhana 2,620 and Dorala 2,650