Sugar Up On Increased Demand, Tight Supply

New Delhi, Aug 29 (PTI) Sugar prices improved by up to Rs.30 per quintal at the wholesale market in the national capital today following tight supplies from mills amid a boost in demand from stockists and bulk consumeRs..

Marketmen said besides tight supplies from mills, pick up in demand from stockists and bulk consumeRs.such as soft-drink and ice-cream makeRs., who accumulated stocks at current levels ahead of the new month, mainly pushed up sweetener prices.

Sugar ready M-30 and S-30 prices were higher by Rs.20 each to end the day at Rs.3440-3540 and Rs.3430-3530 as compared to Rs.3420-3540 and Rs.3410-3530 per quintal previously.

Mill delivery M-30 and S-30 prices also recorded an uptick of Rs.15 each at Rs.3160-3325 and Rs.3150-3315 per quintal.

In the mill gate section, sugar Mawana and Dorala rose by Rs.30 each to both settle at Rs.3250 each per quintal.

Sugar Budhana and Thanabhavan gained Rs.25 each to Rs.3240 and Rs.3230, while, Shamli went up by Rs.20 to Rs.3200  per quintal.

Kinnoni and Khatuli also edged up by Rs.15 each to both end at Rs.3325 each per quintal.

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

Sugar retail markets – Rs.35-40 per kg.

Sugar ready: M-30 Rs.3440-3540, S-30 Rs.3430-3530.

Mill delivery: M-30 Rs.3160-3325, S-30 Rs.3150-3315.

Sugar millgate (Excluding Tax): Mawana Rs.3250, Kinnoni Rs.3325, Asmoli Rs.3290,  Dorala Rs.3250, Budhana Rs.3240,  Thanabhavan Rs.3230, Dhanora Rs.3295, Simbholi Rs.3290, Khatuli  Rs.3325, Sakoti Rs.3200, Modinagar Rs.3220, Shamli Rs.3200, Malakpur Rs.3190

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