Sugar: A divergent trend emerged at the wholesale sugar market during the week in the national capital today with prices at the spot market easing on reduced offtake against adequate stock positions while select mill gate sugar edging up on scattered enquiries.
Traders said besides reduced off take by bulk consumers, ample stocks position led to a decline in the prices at spot market.
Sugar ready M-30 and S-30 prices slipped by Rs 20 each to Rs 3,530-3,670 and Rs 3,520-3,670 from previous levels of Rs 3,550-3,700 and Rs 3,540-3,690 per quintal, respectively.
Similarly, mill delivery M-30 and S-30 prices eased to Rs 3,240-3,410 and Rs 3,230-3,400 against last close of Rs 3,260-3,430 and Rs 3,250-3,420 per quintal, respectively.
On the other hand, in the mill gate section, sugar Asmoli, Dorala and Budhana settled higher at Rs 3,420, Rs 3,410 and Rs 3,420 as compared to previous levels of Rs 3,360, Rs 3,350 and Rs 3,360 per quintal, respectively.
Sugar Kinnoni and Thanabhavan were also quoted higher at Rs 3,455 and Rs 3,420, respectively as against previous week’s level of Rs 3,430 and Rs 3,370 per quintal, respectively.