Sugar millgate prices slip on selling pressure from mills

Select sugar millgate prices settled lower by Rs 10 per quintal at the wholesale market in the national capital today due to selling pressure from mills amid reduced offtake by bulk consumers.
Marketmen said ample stocks on relentless supplies from mills along with reduced offtake by bulk consumers pulled down sugar millgate prices.
However, sugar ready prices stood at previous levels on some support.
In the millgate section, sugar Mawana, Khatuli, Sakoti, Modinagar and Shamili dropped by Rs 10 each to Rs 3,265, Rs 3,355, Rs 3,250, Rs 3,255 and Rs 3,240 per quintal.
Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 34.00-37.00 per kg.

Sugar ready: M-30 Rs 3,380-3,620, S-30 Rs 3,370-3,610.
Mill delivery: M-30 Rs 3,190-3,385, S-30 Rs 3,180-3,375.
Sugar millgate (including duty): Mawana Rs 3,265, Kinnoni Rs 3,385, Asmoli Rs 3,345, Dorala Rs 3,280, Budhana Rs 3,280, Thanabhavan Rs 3,275, Dhanora Rs 3,345, Simbholi Rs 3,335, Khatuli Rs 3,355, Dhampur Rs 3,245, Ramala Rs 3,200, Anupshaher Rs 3,200, Baghpat Rs 3,230, Morna Rs 3,220, Sakoti Rs 3,250, Chandpur Rs 3,230, Nazibabad Rs 3,190, Modinagar 3,255, Shamli 3,240, and Nanota 3,200.