Sugar millgate prices down on increased arrivals

Select sugar millgate prices softened by up to Rs 20 per quintal at the wholesale market in the national capital today, dragged down by constant supplies from mills amid scattered buying by stockists and bulk consumers.

Elsewhere sugar spot prices were well maintained at overnight levels on some support.

Marketmen said the decline in sweetener prices was attributed to persistent supplies from mills amid limited offtake by stockists and bulk consumers.

In the millgate section, sugar baghpat, dhanora, morna and ramala all lost Rs 20 each to conclude at Rs 3,600, Rs 3,640, Rs 3,600 and Rs 3,580 per quintal.
 

Prices of Dorala, Khatuli, Anupshaher, Sakoti, chandpur and Nazibabad also eased by Rs 10 each to Rs 3,680, Rs 3,780, Rs 3,590, Rs 3,650, Rs 3,630 and Rs 3,600 per quintal respectively.

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

Sugar retail markets - Rs 40.00-45.00 per kg.

Sugar ready: M-30 Rs 3,950-4,150, S-30 Rs 3,940-4,140.

Mill delivery: M-30 Rs 3,600-3,810, S-30 Rs 3,590-3,800.

Sugar millgate (including duty): Mawana Rs 3,710, Kinnoni Rs 3,810, Asmoli Rs 3,750, Dorala Rs 3,680, Budhana Rs N.T., Thanabhavan Rs N.T., Dhanora Rs 3,640, Simbholi Rs 3,800, Khatuli Rs 3,780, Dhampur Rs 3,630, Ramala Rs 3,580, Anupshaher Rs 3,590, Baghpat Rs 3,600, Morna Rs 3,600, Sakoti Rs 3,650, Chandpur Rs 3,630, Nazibabad Rs 3,600 and Malakpur Rs N.T.