Sugar prices recovered by Rs 25 per quintal in the national capital today on fresh buying by stockists against restricted arrivals from mills.
Marketmen said fresh buying by stockists against restricted arrivals from mills led to a recovery in wholesale sugar prices. Increased offtake from soft drinks and ice cream makers also supported the uptrend, they said.
Sugar medium and second grade prices gained Rs 25 each to Rs 2,750-2,800 and Rs 2,740-2,790 per quintal. Similarly, mill delivery medium and second grades prices traded higher by the same margin at Rs 2,525-2,625 and Rs 2,500-2,600 per quintal.
Following are today's rates in Rs per quintal:
Sugar ready M-30 2,750-2,800 and S-30 2,740-2,790
Mill delivery M-30 2,525-2,625 and S-30 2,500-2600
Sugar mill gate prices (excluding duty): Kinonni 2,700, Asmoli 2,690, Mawana 2,630, Titabi 2,620, Thanabhavan 2,610, Budhana 2,600 and Dorala 2,610