Sugar Prices Slip On Bumper Stock, Thin Demand

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New Delhi, Sep 4 (PTI) Sugar prices fell by Rs. 70 per quintal at the wholesale market in the national capital today following weak demand and soaring stocks.

Increase in monthly sugar quota by over 14 per cent to 20 lakh tonnes for September, too, pulled down the trading sentiments in sugar prices.

Marketmen said besides, limited offtake by stockists and bulk consumeRs., bumper stocks position brought down the sugar prices.

Sugar mill delivery M-30 and S-30 prices declined by Rs. 50 each to conclude at Rs.3110-3255 and Rs.3100-3245 per quintal, respectively.

Sugar ready M-30 and S-30 prices also dropped Rs.30 each to finish the day at Rs.3380-3480 and Rs.3370-3470 per quintal, respectively.

In mill gate section, sugar Khatuli, Mawana, and Dorala lost Rs. 70 each to conclude at Rs.3230, Rs.3145 and Rs.3150 per quintal, respectively.

Sugar Kinnoni, Budhana, Thanabhavan, Modinagar and Shamli slide by Rs. 60 each to Rs.3255, Rs.3155, Rs.3145, Rs.3130 and Rs.3115 per quintal, respectively.

Following are today’s quotations (in Rs. per quintal)

Sugar retail markets – Rs.34-40 per kg.

Sugar ready: M-30 Rs.3380-3480, S-30 Rs.3370-3470.

Mill delivery: M-30 Rs.3110-3255, S-30 Rs.3100-3245.

Sugar millgate (Excluding Tax): Mawana Rs.3145, Kinnoni Rs.3255, Asmoli Rs.3230,  Dorala Rs.3150, Budhana Rs.3155,  Thanabhavan Rs.3145, Dhanora Rs.3220, Simbholi Rs.3220, Khatuli  Rs.3230, Dhampur 3120, Sakoti3130, Modinagar3130, Shamli 3115, Malakpur Rs.3130,

 

SOURCEChiniMandi

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