Sugar prices slip on ample supplies, limited buying

Sugar prices dropped by Rs 30 per quintal at the wholesale market in the national capital today following ample supplies from mills, amid slowdown in buying by bulk consumers.

Market players said adequate stocks, following persistent supplies from mills, mainly led to the fall in the sweetener prices.

Besides, slowdown in buying by bulk consumers as well as retailers too weighed on prices, they said.

Sugar ready M-30 and S-30 prices slipped by Rs 30 each to finish at Rs 3,120-3,260 and Rs 3,110-3,250 per quintal, respectively.

Mill delivery M-30 and S-30 prices also declined by Rs 20 each to settle at Rs 2,980-3,100 and Rs 2,970-3,090 per quintal, respectively.
 

In millgate section, sugar Budhana, Thanabhavan and Dorala slided by Rs 25 each to Rs 3,000, Rs 2,990 and Rs 3,000 per quintal, respectively.

Prices of Mawana, Kinnoni, Khatuli and Dhampur also turned weak by Rs 20 each at Rs 3,000, Rs 3,100, Rs 3,055 and Rs 2,980 per quintal, respectively.


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

Sugar retail markets: Rs 29.00-36.00 per kg

Sugar ready: M-30 -- Rs 3,120-3,260; S-30 -- Rs 3,110-3,250

Mill delivery: M-30 -- Rs 2,980-3,100; S-30 -- Rs 2,970-3,090

Sugar millgate (including duty): Mawana Rs 3,000, Kinnoni Rs 3,100, Asmoli Rs 3,080, Dorala Rs 3,000, Budhana Rs 3,000, Thanabhavan Rs 2,990, Dhanora Rs 3,000, Simbholi Rs 3,090, Khatuli Rs 3,055, Dhampur Rs 2,980, Ramala Rs 2,990, Anupshaher Rs 2,990, Baghpat Rs 3,000, Morna Rs 3,000, Sakoti Rs 2,990, Chandpur Rs 2,980, Nazibabad Rs 2,990 and Malakpur Rs 3,005