Sugar weakens on reduced offtake, ample stocks
Sugar prices drifted lower by Rs 20 per quintal at the wholesale sugar market in the national capital today due to reduced offtake against sufficient stocks position.
Marketmen said sufficient stocks position against reduced offtake by bulk consumers such as ice-cream and cold drink makers mainly attributed to the slide in sugar prices.
Sugar ready M-30 and S-30 traded lower by Rs 20 each to Rs 3,530-3,670 and Rs 3,520-3,670 per quintal, respectively.
Mill delivery-M-30 and S-30 followed suit and fell by a similar margin to Rs 3,240-3,410 and Rs 3,230-3,400 per quintal, respectively.
Following are today’s quotations (in Rs per quintal)
Sugar retail markets: Rs 35-40 per kg.
Sugar ready: M-30 Rs 3,530-3,670, S-30 Rs 3,520-3,670.
Mill delivery: M-30 Rs 3,240-3,410, S-30 Rs 3,230-3,400.
Sugar millgate (including duty): Mawana Rs 3,290, Kinnoni Rs 3,430, Asmoli Rs 3,360, Dorala Rs 3,350, Budhana Rs 3,360, Thanabhavan Rs 3,370, Dhanora Rs 3,390, Simbholi Rs 3,420, Khatuli Rs 3,460, Dhampur Rs 3,280, Sakoti 3,300, Modinagar 3,320, Shamli 3,310, Malakpur 3,320, 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: 13/06/2018