Sugar mill prices slip further on higher supply

The slide in sugar mills continued with prices falling by another Rs 30 per quintal at the wholesale market in the national capital today, dragged down by ample stocks on higher supplies amid muted demand from bulk consumers.
Marketmen said increased supplies from mills against slackened demand from bulk consumers such as soft-drink and ice-cream makers, mainly kept pressure on sweetener prices.
Sugar mill delivery M-30 and S-30 prices dropped by Rs 30 each to end at Rs 3,610-3,700 and Rs 3,600-3,690 per per quintal, respectively.
In the millgate section, sugar Nazibabad, Ramala and Anupshaher declined by another Rs 20 each to Rs 3,610, Rs 3,620 and Rs 3,610 per quintal, respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 41.00-43.00 per kg.

Sugar ready: M-30 Rs 3,900-4,000, S-30 Rs 3,890-3,990.
Mill delivery: M-30 Rs 3,610-3,700, S-30 Rs 3,600-3,690.
Sugar millgate (including duty): Mawana Rs 3,660, Kinnoni Rs 3,700, Asmoli Rs 3,660, Dorala Rs 3,650, Budhana Rs 3,640, Thanabhavan Rs 3,630, Dhanora Rs 3,630, Simbholi Rs 3,690, Khatuli Rs 3,680, Dhampur Rs 3,610, Ramala Rs 3,620, Anupshaher Rs 3,610, Baghpat Rs 3,640, Morna Rs 3,640, Sakoti Rs 3,630, Chandpur Rs 3,620, Nazibabad Rs 3,610 and Malakpur Rs N.T.