Sugar price slips on heavy stocks, ample supply

The wholesale sugar prices slumped by Rs 80 per quintal in the national capital today following regular supply against reduced offtake by stockists and bulk consumers.
Marketmen said plenty of ready stocks position in the markets against restricted buying mainly pulled down the prices.
Sugar mill delivery M-30 and S-30 prices enquired lower at Rs 2,760-3,050 and Rs 2,750-3,040 as compared from overnight close of Rs 2,800-3,105 and Rs 2,790-3,090 per quintal.
Among millgate section, Sugar Asmoli and Simbholi dropped by Rs 80 each to both settle at Rs 3,020 per quintal.
Sugar Kinnoni lost Rs 50 at Rs 3,050 per quintal, while Dhampur and Khatauli moisture prices fell by Rs 40 each at Rs 2,870 and Rs 2,760 per quintal.

The following were today's quotations per quintal:

Sugar ready: M-30 Rs 2,970-3,225, S-30 Rs 2,960-3,200.
Mill delivery: M-30 Rs 2,760-3,050; S-30 Rs 2,750-3,040.
Sugar mill gate (including duty): Mawana 2915, Kinnoni 3,050, Asmoli 3,020, Dorala 2900, Budhana 2900, Thanabhavan 2900, Dhanora 2910 , Simbholi 3,020, Modi Nagar Rs 2,900, Khatuli Moisture 2,760, Dhampur 2,870, Ramala 2,870, Bulandshar 2,900, Anupshar 2,860, Baghpat 2,880, Morna 2,870, Sakoti 2,890, Chandpur 2,880, Amroha 2,880 and Nazibabad 2,870.