Sugar price remains flat on scattered demand

The wholesale sugar market ended on a steady note in the national capital today with prices after hovering both ways in restricted activity, settled at the last levels.
Marketmen said activity remained restricted due to prevailing cash crunch following demonetisation of high value current notes.
Government on November 8 had announced the demonetisation of 500 and 1,000 rupee notes in a bid to flush out black money, leading to cash crunch in the financial system.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 38.00-41.00 per kg.
Sugar ready: M-30 Rs 3,750-3,900, S-30 Rs 3,740-3,890.
Mill delivery: M-30 Rs 3,410-3,620, S-30 Rs 3,400-3,610.

Sugar millgate (including duty): Mawana Rs 3,520, Kinnoni Rs 3,620, Asmoli Rs 3,570, Dorala Rs 3,540, Budhana Rs 3,540,Thanabhavan Rs 3,540, Dhanora Rs 3,540, Simbholi Rs 3,575, Khatuli Rs 3,560, Dhampur Rs 3,480, Ramala Rs 3,420, Anupshaher Rs 3,420, Baghpat Rs 3,430, Morna Rs 3,430, Sakoti Rs 3,500, Chandpur Rs 3,500, Nazibabad Rs 3,410 and Modi nagar 3,515.