ChiniMandi, New Delhi, Aug 23 (PTI) Sugar prices declined by Rs. 50 per quintal at the wholesale market in the national capital today following bumper stocks and limited offtake.
Marketmen said soaring stocks on bumper output amid thin demand from stockist and bulk consume Rs., mainly led to fall in sweetener prices.
Sugar ready M-30 and S-30 prices tumbled by Rs. 50 each to end the day at Rs. 3,380-3,490 and Rs. 3,370-3,480 per quintal.
Mill delivery M-30 and S-30 prices also slipped by Rs. 45 each to finish the day at Rs. 3,150-3,285 and Rs. 3,140-3,275 per quintal.
In mill gate section, sugar Dorala dropped by Rs. 50 to Rs. 3,290, while Kinnoni, Asmoli, Budhana and Thanabhavan slide by Rs. 45 each to Rs. 3,285, Rs. 3,260, Rs. 3,180 and Rs. 3,170 per quintal.
Prices of Mawana and Sakoti slipped by Rs. 40 each to Rs. 3,200 and Rs. 3,160 while Modinagar lost Rs. 35 at Rs. 3,185 and Dhampur eased by Rs. 30 to Rs. 3,150 per quintal.
Following are today’s quotations (in Rs. per quintal)
Sugar retail markets – Rs. 35-40 per kg.
Sugar ready: M-30 Rs. 3,380-3,490, S-30 Rs. 3,370-3,480.
Mill delivery: M-30 Rs. 3,150-3,285, S-30 Rs. 3,140-3,375.
Sugar millgate (Excluding Tax): Mawana Rs. 3,200/-, Kinnoni Rs. 3,285/-, Asmoli Rs. 3,260/-, Dorala Rs. 3,190/-, Budhana Rs. 3,180/-, Thanabhavan Rs. 3,170/-, Dhanora Rs. 3,265/-, Simbholi Rs. 3,280/-, Khatuli Rs. 3,280/-, Dhampur Rs. 3,150/-, Sakoti 3,160/-, Modinagar Rs.3,185/-, Shamli Rs. 3,180/-, Malakpur Rs. 3,180/-