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Sugar prices dip by Rs 40 per quintal on bumper stocks

Press Trust of India  |  New Delhi 

Sugar prices softened by Rs 40 per quintal at the wholesale market in the national capital today following bloated ready sugar stocks amidst limited offtake by stockist and bulk consumers.

According to marketmen, the downfall in sweetener prices mainly came due to abound availability of sugar in the market on relentless supplies from mills.

Meanwhile, selective buying by stockist and bulk consumers such as soft-drink and ice-cream makers in view of the ongoing wedding season, somewhat managed to curb the sharp fall in sweetener prices.

Sugar ready M-30 and S-30 prices declined by Rs 40 each to settle the day at Rs 3,830-3,990 and Rs 3,820-3,980 per quintal.

Mill delivery M-30 and S-30 prices also declined by same margins of Rs 40 each to Rs 3,530-3,760 and Rs 3,520-3,750 per quintal.

In mill gate section, sugar Kinnoni dropped the most by Rs 40 to Rs 3,760, followed by Mawana, Asmoli, Simbholi and Shamli dropped by Rs 25 each to Rs 3,660, Rs 3,700, Rs 3,705 and Rs 3,665 per quintal.

Prices of Budhana, Thanabhavan and Modinagar slipped by Rs 20 each to Rs 3,670 and rest both at Rs 3,665 each while, Dorala, Dhanora, Dhampur and Nazibabad lost Rs 15 each to Rs 3,675, Rs 3,660, Rs 3,630 and Rs 3,540 per quintal respectively.

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

Sugar retail markets - Rs 37.00-40.00 per kg.

Sugar ready: M-30 Rs 3,830-3,990, S-30 Rs 3,820-3,980.

Mill delivery: M-30 Rs 3,530-3,760, S-30 Rs 3,520-3,750.

Sugar millgate (including duty): Mawana Rs 3,660, Kinnoni Rs 3,760, Asmoli Rs 3,700, Dorala Rs 3,675, Budhana Rs 3,670, Thanabhavan Rs 3,665, Dhanora Rs 3,660, Simbholi Rs 3,705, Khatuli Rs 3,760, Dhampur Rs 3,630, Ramala Rs 3,530, Anupshaher Rs 3,530, Baghpat Rs 3,555, Morna Rs 3,550, Sakoti Rs 3,645, Chandpur Rs 3,620, Nazibabad Rs 3,540, Modinagar 3,660, Shamli 3,665, and Nanota 3,530.

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

First Published: Mon, November 13 2017. 13:42 IST