Sugar millgate prices ease on supply pressure

Sugar millgate prices fell marginally by Rs 5 per quintal at the wholesale market in the national capital today following persistent supplies from mills.
On the other hand, sugar spot prices remained unchanged on some support.
The volume of business was weak.
Marketmen said ample stocks following relentless supplies from mills amid scattered buying by stockists and bulk consumers such as soft-drinks and ice-cream makers, mainly kept pressure on sugar millgate prices.
In the millgate section, sugar Chandpur, Asmoli, Budhana, Simbholi and Sakoti eased by Rs 5 each to end at Rs 3,570, Rs 3,620, Rs 3,590, Rs 3,620 and Rs 3,570 per quintal.

Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 40.00-43.00 per kg.
Sugar ready: M-30 Rs 3,830-3,920, S-30 Rs 3,820-3,910.
Mill delivery: M-30 Rs 3,520-3,640, S-30 Rs 3,510-3,630.
Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,640, Asmoli Rs 3,620, Dorala Rs 3,600, Budhana Rs 3,590, Thanabhavan Rs 3,585, Dhanora Rs 3,615, Simbholi Rs 3,620, Khatuli Rs 3,620, Dhampur Rs 3,550, Ramala Rs 3,540, Anupshaher Rs 3,520, Baghpat Rs 3,545, Morna Rs 3,540, Sakoti Rs 3,570, Chandpur Rs 3,570, Nazibabad Rs 3,525, Modinagar N.Q., Shamli 3,580 and Nanota 3,540.