Select sugar millgate prices fall on selling pressure

Select sugar millgate prices fall on selling pressure

Select sugar millgate prices declined by Rs 10 per quintal at the wholesale market in the national capital today due to persistent selling by mills amid negligible buying by stockists and bulk consumers.

Marketmen said selling pressure from mills and absence of necessary buying support mainly led to a fall in some of mills prices.Sugar Dhampur and Dhanora prices eased by Rs 10 each to Rs 3,280 and Rs 3,355 per quintal, respectively.Sugar Sakoti, Modinagar and Simbholi prices also went down by Rs 5 each to Rs 3,290, Rs 3,300 and Rs 3,380 per quintal.

Following are today’s quotations (in Rs per quintal)Sugar retail markets – Rs 35.00-38.00 per kg.Sugar ready: M-30 Rs 3,400-3,630, S-30 Rs 3,390-3,620.Mill delivery: M-30 Rs 3,210-3,415, S-30 Rs 3,200-3,405.

Sugar millgate (including duty): Mawana Rs 3,330, Kinnoni Rs 3,415, Asmoli Rs 3,370, Dorala Rs 3,340, Budhana Rs 3,335, Thanabhavan Rs 3,330, Dhanora Rs 3,355, Simbholi Rs 3,380, Khatuli Rs 3,390, Dhampur Rs 3,280, Ramala Rs 3,220, Anupshaher Rs 3,220, Baghpat Rs 3,250, Morna Rs 3,240, Sakoti Rs 3,290, Chandpur Rs 3,290, Nazibabad Rs 3,210, Modinagar 3,300, Shamli 3,295, and Nanota 3,220.

Source: business-standard:Published on 2018-01-12