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Sugar prices slip on weak demand, excess supply

Press Trust of India  |  New Delhi 

Sugar prices softened by Rs 20 per quintal at the wholesale market in the national capital today dragged down by mounting stocks on consistent supplies amid fading demand.

Marketmen said ample ready stocks on constant supplies from mills along with opportunistic buying by stockists and bulk consumers mainly pulled down the sweetener prices.

Sugar ready M-30 and S-30 prices eased by Rs 20 each to settle the day at Rs 3,960-4,050 and Rs 3,950-4,040 per quintal.

Mill delivery M-30 and S-30 prices too eased by Rs 10 each to Rs 3,620-3,750 and Rs 3,610-3,740 per quintal.

Among mill gate section, sugar Asmoli fell the most by Rs 15 to Rs 3,710, followed by Kinnoni, Dhanora and Dhampur edged down by Rs 10 each to Rs 3,750, Rs 3,720 and Rs 3,680 per quintal.

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

Sugar retail markets - Rs 39.00-43.00 per kg.

Sugar ready: M-30 Rs 3,960-4,050, S-30 Rs 3,950-4,040.

Mill delivery: M-30 Rs 3,620-3,750, S-30 Rs 3,610-3,740.

Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,750, Asmoli Rs 3,710, Dorala Rs 3,730, Budhana Rs 3,725, Thanabhavan Rs 3,720, Dhanora Rs 3,720, Simbholi Rs N.Q, Khatuli Rs 3,755, Dhampur Rs 3,680, Ramala Rs 3,630, Anupshaher Rs 3,620, Baghpat Rs 3,640, Morna Rs 3,635, Sakoti Rs 3,685, Chandpur Rs 3,660, Nazibabad Rs 3,625, Modinagar N.Q., Shamli 3,700 and Nanota 3,625.

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

First Published: Wed, September 13 2017. 15:02 IST