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Sugar climbs further post bailout package

Press Trust of India  |  New Delhi 

Sugar prices spurted by Rs 200 per at the wholesale market in the national capital today due to thin supplies from mills amid brisk demand.

Prices had risen by Rs 100 yesterday after the government cleared a Rs 8,500 crore bailout package for sugar mills and farmers.

Marketmen said stockists and bulk consumers such as ice-cream and soft-drink makers are enlarging their stocks on expectations of further rise in prices.

Thin supplies from the mills too pushed up sweetener prices, they added.

In the price section, sugar ready M-30 and S-30 shot up by Rs 150 each to close the day at Rs 3,550-3,700 and Rs 3,540-3,690 per

Similarly, mill delivery M-30 and S-30 prices climbed by Rs 160 each to settle at Rs 3,260-3,430 and Rs 3,250-3,420 per

Among mill gate section, sugar Sakoti and Khatuli soared up by Rs 200 each to end at Rs 3,300 and Rs 3,460, followed by Budhana, Thanabhavan, Modinagar, Shamli and Malakpur by Rs 190 each to Rs 3,360, Rs 3,370, Rs 3,320, Rs 3,310 and Rs 3,320 per quintal respectively.

Sugar Simbholi hardened by Rs 180 to Rs 3,280, while Asmoli and Dorala by Rs 170 each to Rs 3,360 and Rs 3,350 per quintal.

Prices of Dhanora quoted higher by Rs 160 to Rs 3,390, meanwhile, Mawana and Kinnoni rose by Rs 150 each to Rs 3,290 and Rs 3,430 per quintal.

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

Sugar - Rs 35.00-40.00 per kg.

Sugar ready: M-30 Rs 3,550-3,700, S-30 Rs 3,540-3,690.

Mill delivery: M-30 Rs 3,260-3,430, S-30 Rs 3,250-3,420.

Sugar millgate (including duty): Mawana Rs 3,290, Kinnoni Rs 3,430, Asmoli Rs 3,360, Dorala Rs 3,350, Budhana Rs 3,360, Thanabhavan Rs 3,370, Dhanora Rs 3,390, Simbholi Rs 3,420, Khatuli Rs 3,460, Dhampur Rs 3,280, Sakoti 3,300, Modinagar 3,320, Shamli 3,310, Malakpur 3,320, Ramala not available, Anupshaher N.A, Baghpat N.A.,Morna N.A., Chandpur N.A., and Nanota N.A.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 13:55 IST