Sugar prices climb on summer season demand, tight supply

Sugar prices spurted by Rs 60 per quintal at the wholesale market in the national capital today largely supported by increased offtake by bulk consumers, triggered by summer season amid tight supplies from mills.
Marketmen attributed rise in sweetner prices to strong demand form bulk consumers including soft-drink makers and ice-cream units.
Besides, pause in supplies from mills and a firming trend at the futures trade too influenced sweetner prices, they added.
Sugar mill delivery M-30 and S-30 pries enquired higher by Rs 60 each to conclude at Rs 3,400-3,480 and Rs 3,390-3,470 per quintal.
Sugar ready M-30 and S-30 prices were higher by Rs 50 each to end at Rs 3,690-3,760 and Rs 3,680-3,750 per quintal.

In the millgate section, sugar Budhana, Thanabhavan, Khatuli, Anupshaher and Baghpat swifted by Rs 60 each to Rs 3,430, Rs 3,420, Rs 3,470, Rs 3,400 and Rs 3,420 per quintal.

Prices of sugar Dorala, Dhanora, Simbholi, Dhampur, Ramala, Morna, Sakoti and Nazibabad also gained Rs 50 each to Rs 3,430, Rs 3,410, Rs 3,470, Rs 3,410, Rs 3,400, Rs 3,410, Rs 3,420 and Rs 3,400 per quintal respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 32.00-38.00 per kg.
Sugar ready: M-30 Rs 3,690-3,760, S-30 Rs 3,680-3,750.
Mill delivery: M-30 Rs 3,400-3,480, S-30 Rs 3,390-3,470.

Sugar millgate (including duty): Mawana Rs 3,440, Kinnoni Rs 3,480, Asmoli Rs 3,450, Dorala Rs 3,430, Budhana Rs 3,430, Thanabhavan Rs 3,420, Dhanora Rs 3,410, Simbholi Rs 3,470, Khatuli Rs 3,470, Dhampur Rs 3,410, Ramala Rs 3,400, Anupshaher Rs 3,400, Baghpat Rs 3,420, Morna Rs 3,410, Sakoti Rs 3,420, Chandpur Rs 3,400, Nazibabad Rs 3,400 and Malakpur Rs 3,410.