Sugar millgate prices dropped by Rs 50 per quintal in the national capital today on fresh supply amid reduced offtake.
Marketmen said selling pressure from mills along with slack demand from stockists and retailers, caused the downfall in sugar millgate prices.
Sugar Kinnoni and Asmoli dropped by Rs 50 each to Rs 2,650 and Rs 2,640 per quintal. Thanabhavan and dorala also slipped to settle at Rs 2,570 and Rs 2,590 per quintal.
Following are today's rates in Rs per quintal:
Sugar ready M-30 2,700-2,800 and S-30 2,690-2,790
Mill delivery M-30 2,500-2,620 and S-30 2,490-2610
Sugar mill gate prices (excluding duty): Kinonni 2,650, Asmoli 2,640, Mawana 2,600, Titabi 2,590, Thanabhavan 2,570, Budhana 2,570 and Dorala 2,590