Sugar closes lower on ample stocks

Sugar prices fell by Rs 40 per quintal at wholesale market in the national capital today on adequate stocks position following persistent supplies by mills.
However, scattered demand from bulk consumers limited the losses.
Marketmen attributed fall in sugar prices to buffer stocks position following increased supplies by mills.
Sugar ready M-30 and S-30 prices eased by Rs 40 each to Rs 2,900-3,130 and Rs 2,890-3,120 per quintal.
Mill delivery M-30 and S-30 prices also shed Rs 10 each to Rs 2,800-2,980 and Rs 2,790-2,965 per quintal.
In millgate section, sugar Modinagar fell Rs 30 at Rs 2,820, while Simbholi lost Rs 25 at Rs 2,930 per quintal.

Prices of Kinnoni, Dorala, Budhana, Thanabhavan, Dhanora and Sakoti were down by Rs 20 each to Rs 2,980, Rs 2,890, Rs 2,900, Rs 2,890, Rs 2,850, Rs 2,840 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 30.00-34.00 per kg.
Sugar ready: M-30 Rs 2,900-3,130 S-30 Rs 2,890-3,120.
Mill delivery: M-30 Rs 2,800-2,980 S-30 Rs 2,790-2,965.
Sugar mill gate (including duty): Mawana Rs 2,910, Kinnoni Rs 2,980 Asmoli Rs 2,920 Dorala Rs 2,890 Budhana Rs 2,900 Thanabhavan Rs 2,890 Dhanora Rs 2,850 Simbholi Rs 2,930 Modi Nagar Rs 2,820, Khatuli Rs 2,950 Dhampur (gila) N.T. Ramala Rs 2,830 Bulandshahr Rs 2,860 Anupshahr Rs 2,800 Baghpat Rs 2,840 Morna Rs 2,830 Sakoti Rs 2,840 Chandpur Rs 2,830 Nazibabad Rs 2,820.