Sugar up by Rs 100 per quintal on paucity of stocks
Sugar prices soared by up to Rs 100 per quintal at the wholesale market in the national capital today following aggressive buying by stockists and bulk consumers amid scarcity of stocks.
Sentiments remained upbeat as stockists and bulk consumers were indulged in creating huge stocks largely on limited supplies from mills amid expectations of an upward trend in sugar prices likely to rise further in the coming days.
Sugar mill delivery M-30 and S-30 prices spurted by Rs 100 each to end the day at Rs 3,050-3,220 and Rs 3,040-3,210 per quintal.
In line with overall trends, sugar ready M-30 and S-30 prices shot up by Rs 80 each to conclude at Rs 3,300-3,460 and Rs 3,290-3,450 per quintal, respectively.
In the mill gate section, sugar Kinnoni, Budhana, Thanabhavan, Dhanora, Khatuli, Dhampur and Modinagar jumped by Rs 70 each to finish at Rs 3,220, Rs 3,090, Rs 3,100, Rs 3,160, Rs 3,190, Rs 3,050 and Rs 3,070 per quintal, respectively.
Prices of Dorala, Simbholi and Shamli also went up by Rs 60 each to Rs 3,090, Rs 3,160 and Rs 3,050 per quintal, respectively.
Following are today’s quotations (in Rs per quintal)
Sugar retail markets – Rs 34.00-37.00 per kg.
Sugar ready: M-30 Rs 3,300-3,460, S-30 Rs 3,290-3,450.
Mill delivery: M-30 Rs 3,050-3,220, S-30 Rs 3,040-3,210.
Sugar millgate (including duty): Mawana Rs 3,090, Kinnoni Rs 3,220, Asmoli Rs 3,130, Dorala Rs 3,090, Budhana Rs 3,090, Thanabhavan Rs 3,100, Dhanora Rs 3,160, Simbholi Rs 3,160, Khatuli Rs 3,190, Dhampur Rs 3,050, Sakoti 3,050, Modinagar 3,070, Shamli 3,050, Malakpur 3,050, Ramala not available, Anupshaher N.A, Baghpat N.A.,Morna N.A., Chandpur N.A., Nazibabad N.A and Nanota N.A.
Source: Business Standard – Published on:04/06/2018