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Sugar mill gate prices fall on ample supply

Press Trust of India  |  New Delhi 

Sugar mill gate prices remained marginally lower and fell by Rs 5 per at the wholesale in the national capital today following selling pressure from millers amid scattered buying by stockists and bulk consumers.

Marketmen said increased supplies from mills along with limited offtake by stockists and bulk consumer, largely pulled down sugar mill gate prices.

In the mill gate section, sugar Dorala, Thanabhavn, Budhana, Shamli and Malakpur traded lower by Rs 5 each to Rs 2,590, Rs 2,600, Rs 2,590, Rs 2,580 and Rs 2,585 per respectively.

On the other hand, sugar spot prices remained unaltered on scattered buying support from local parties.

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

Sugar - Rs 29-31 per kg.

Sugar ready: M-30 Rs 2,760-2,880, S-30 Rs 2,750-2,870.

Mill delivery: M-30 Rs 2,550-2,680, S-30 Rs 2,540-2,670.

Sugar millgate (including duty): Mawana Rs 2,590, Kinnoni Rs 2,680, Asmoli Rs 2,650, Dorala Rs 2,590, Budhana Rs 2,590, Thanabhavan Rs 2,600, Dhanora Rs 2,670, Simbholi Rs 2,675, Khatuli Rs 2,675, Dhampur Rs 2,555, Sakoti 2,570, Modinagar 2,590, Shamli 2,580, Malakpur 2,585, 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, May 18 2018. 15:15 IST