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Sugar prices fall on higher stocks, low demand

Press Trust of India  |  New Delhi 

Sugar prices weakened by Rs 35 per quintal at the wholesale market in the national capital today due to bumper stocks following increased supplies against muted demand from bulk consumers as well as retailers.

Marketmen said fall in offtake by stockists and bulk consumers amid relentless supplies from mills mainly led to the fall in sweetener prices.

Sugar ready M-30 and S-30 prices eased by Rs 10 each to settle at Rs 3,980-4,0790 and Rs 3,970-4,060 per quintal.

Mill delivery M-30 and S-30 prices also moved down by Rs 10 each to Rs 3,620-3,760 and Rs 3,610-3,750 per quintal.

In the millgate section, sugar Asmoli dropped the most by Rs 35 to Rs 3,725, followed by Dorala and Sakoti by Rs 25 each to Rs 3,735 and Rs 3,685 per quintal.

Prices of Budhana, Thanabhavan, Dhanora, Dhampur and Shamli also fell by Rs 20 each to Rs 3,730, Rs 3,725, Rs 3,730, Rs 3,690 and Rs 3,705 per quintal respectively.

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

Sugar retail markets - Rs 39.00-43.00 per kg.

Sugar ready: M-30 Rs 3,980-4,070, S-30 Rs 3,970-4,060.

Mill delivery: M-30 Rs 3,620-3,760, S-30 Rs 3,610-3,750.

Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,760, Asmoli Rs 3,725, Dorala Rs 3,735, Budhana Rs 3,730, Thanabhavan Rs 3,725, Dhanora Rs 3,730, Simbholi Rs N.Q, Khatuli Rs 3,760, Dhampur Rs 3,690, Ramala Rs 3,630, Anupshaher Rs 3,620, Baghpat Rs 3,645, Morna Rs 3,640, Sakoti Rs 3,685, Chandpur Rs 3,665, Nazibabad Rs 3,630, Modinagar N.Q., Shamli 3,705 and Nanota 3,625.

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

First Published: Mon, September 11 2017. 15:07 IST