Miller sale, low demand keep sugar under pressure

Sugar extended losses for the second straight day, with prices falling by up to Rs 30 per quintal at the wholesale market in the national capital today following sustained selling by millers.

However, selective buying by bulk consumers such as soft-drink and ice-cream makers restricted the fall in prices.

Marketmen said constant supplies from mills continued to put pressure on the sweetener prices.

Sugar ready M-30 and S-30 prices eased by another Rs 10 each to Rs 2,610-2,750 and Rs 2,580-2,740 per quintal.

Similarly, mill delivery M-30 and S-30 prices also fell by a similar margin to Rs 2,440-2,600 and Rs 2,430-2,590 from Rs 2,450-2,600 and Rs 2,440-2,590 per quintal respectively.
 

In millgate section, sugar Anupshaher dropped by Rs 30 to Rs 2,440, while Nazibabad by Rs 25 at Rs 2,440 per quintal.

Prices of Ramala, Baghpat, Sakoti and Morna fell by Rs 20 each to Rs 2,450, Rs 2,460, Rs 2,450 and Rs 2,460, while Bulandshaher drifted by Rs 15 at Rs 2,470 per quintal.

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

Sugar retail markets - Rs 29.00-33.00 per kg.

Sugar ready: M-30 Rs 2,610-2,750 S-30 Rs 2,580-2,740.

Mill delivery: M-30 Rs 2,440-2,600 S-30 Rs 2,430-2,590.

Sugar millgate (including duty): Mawana Rs 2,490, Kinnoni Rs 2,600, Asmoli Rs 2,570, Dorala Rs 2,500, Budhana Rs 2,500, Thanabhavan Rs 2,490, Dhanora Rs 2,500, Simbholi Rs 2,560, Modi Nagar Rs 2,490, Khatuli Rs 2,575, Dhampur 2,480, Ramala Rs 2,450, Bulandshaher Rs 2,470, Anupshaher Rs 2,440, Baghpat Rs 2,460, Morna Rs 2,460, Sakoti Rs 2,450, Chandpur Rs 2,460, Nazibabad Rs 2,440.