Sugar prices eased further at the wholesale market in the national capital today due to adequate stocks position on higher supplies from mills against muted demand from bulk consumers.
Marketmen said, besides sufficient stocks position on increased arrivals from producing belts, a fall in demand from bulk consumers, kept pressure on the sweetener's prices.
Meanwhile, the government yesterday said it has withdrawn stock holding and turnover limits on sugar dealers with immediate effect as demand-supply situation is likely to be comfortable with the estimated rise in production.
Sugar ready M-30 and S-30 eased to Rs 3,540-3,680 and Rs 3,530-3,670 against last close of Rs 3,570-3,700 and Rs 3,560-3,690 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and traded lower at Rs 3,280-3,455 and Rs 3,270-3,445 from previous levels of Rs 3,300-3,485 and Rs 3,290-3,475 per quintal, respectively.
In the millgate section, Mawana, Kinnoni, Asmoli, Dorala and Budhana settled lower at Rs 3,355, Rs 3,455, Rs 3,440, Rs 3,360 and Rs 3,345 as compared to last close of Rs 3,390, Rs 3,485, Rs 3,470,Rs 3,395 and Rs 3,395 per quintal, respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 36.00-39.00 per kg.
Sugar ready: M-30 Rs 3,540-3,680, S-30 Rs 3,530-3,670.
Mill delivery: M-30 Rs 3,280-3,455, S-30 Rs 3,270-3,445.
Sugar millgate (including duty): Mawana Rs 3,355, Kinnoni Rs 3,455, Asmoli Rs 3,440, Dorala Rs 3,360, Budhana Rs 3,345, Thanabhavan Rs 3,390, Dhanora Rs 3,440, Simbholi Rs 3,465, Khatuli Rs 3,465, Dhampur Rs 3,340, Ramala Rs 3,300, Anupshaher Rs 3,300, Baghpat Rs 3,320, Morna Rs 3,305, Sakoti Rs 3,365, Chandpur Rs 3,330, Nazibabad Rs 3,300, Modinagar 3,365, Shamli 3,375, and Nanota 3,300.
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