Sugar prices decline on reduced offtake

Sugar prices declined by Rs 20 per quintal in the national capital today on reduced offtake by retailers against adequate stocks position.

Market analysts said reduced offtake by retailers against easy availability of stocks mainly led to the decline in wholesale sugar prices.

Sugar ready medium and second grade prices declined by Rs 20 each to Rs 2,880-2,980 and Rs 2,850-2,970 per quintal, respectively.  

Mill delivery medium and second trades followed suit and traded lower by the same margin to Rs 2,680-2,870 and Rs 2,655-2,845 per quintal, respectively.

Following were today's quotation in Rs per quintal.

Sugar ready M-30 2,880-2,980 and S-30 2,850-2,970
Mill delivery M-30 2,680-2,870 and S-30 2,655-2,845

 

Sugar mill gate prices (excluding duty): Kinonni 2,860, Asmoli 2,850, Mawana 2,800, Titabi 2,810, Thanabhavan 2,700, Budhana 2700 and Dorala 2,800