Sugar prices fall on low demand, ample stocks
New Delhi, May 11 () Sugar prices went down by Rs 30 per quintal at the wholesale market in the national capital today due to a fall in demand from bulk consumers and stockists amid ample stocks on higher supplies from mills.
Marketmen said soaring stocks in the market following uninterrupted supplies from mills and higher output this season against reduced offtake by stockists and bulk consumers, pulled down the sweetener’s prices.
Sugar ready M-30 and S-30 prices eased by Rs 10 each to close at Rs 2,800-2,930 and Rs 2,790-2,920 per quintal, respectively.
Mill delivery M-30 and S-30 prices too fell by Rs 15 each to Rs 2,610-2,740 and Rs 2,600-2,730 per quintal, respectively.
In the mill gate section, sugar Budhana and Thanabhavan dropped the most by Rs 30 each to Rs 2,655 and Rs 2,645, followed by Mawana, Dorala, Modinagar and Malakpur which lost Rs 20 each to Rs 2,650, Rs 2,645, Rs 2,635 and Rs 2,625 per quintal, respectively.
Following are today’s quotations (in Rs per quintal)
Sugar retail markets – Rs 29.00-32.00 per kg.
Sugar ready: M-30 Rs 2,800-2,930, S-30 Rs 2,790-2,920.
Mill delivery: M-30 Rs 2,610-2,740, S-30 Rs 2,600-2,730.
Sugar millgate (including duty): Mawana Rs 2,650, Kinnoni Rs 2,740, Asmoli Rs 2,720, Dorala Rs 2,645, Budhana Rs 2,655, Thanabhavan Rs 2,645, Dhanora Rs 2,715, Simbholi Rs 2,720, Khatuli Rs 2,735, Dhampur Rs 2,610, Sakoti 2,635, Modinagar 2,635, Shamli 2,625, Malakpur 2,625, Ramala not available, Anupshaher N.A, Baghpat N.A.,Morna N.A., Chandpur N.A., Nazibabad N.A and Nanota N.A. SDG SUN SBT SBT
Source: Time of India – Published on: 11th May 2018