Sugar prices decline on increased arrivals

Sugar prices dropped by Rs 20 per quintal at the wholesale market in the national capital today following increased supplies from mills to meet new month demand.
Marketmen said ample stocks following constant arrivals from mills mainly led to fall in sugar prices but fresh demand following beginning of new month capped the losses.
Sugar ready M-30 and S-30 prices were lower by Rs 20 each to settle at Rs 3,970-4,030 and Rs 3,960-4,020 per quintal.
Mill delivery M-30 and S-30 prices also traded lower by Rs 20 each to close at Rs 3,650-3,740 and Rs 3,640-3,730 per quintal.
In the millgate section, sugar Mawana, Kinnoni, Dhanora, Ramala, Baghpat and Chandpur all fell by Rs 20 each to Rs 3,700,Rs 3,740, Rs 3,720, Rs 3,660, Rs 3,670 and Rs 3,660 per quintal.

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

Sugar retail markets - Rs 41.00-45.00 per kg.
Sugar ready: M-30 Rs 3,970-4,030, S-30 Rs 3,960-4,020.
Mill delivery: M-30 Rs 3,650-3,740, S-30 Rs 3,640-3,730.
Sugar millgate (including duty): Mawana Rs 3,700, Kinnoni Rs 3,740, Asmoli Rs 3,710, Dorala Rs 3,690, Budhana Rs 3,680, Thanabhavan Rs 3,670, Dhanora Rs 3,720, Simbholi Rs 3,730, Khatuli Rs 3,725, Dhampur Rs 3,675, Ramala Rs 3,660, Anupshaher Rs 3,660, Baghpat Rs 3,670, Morna Rs 3,660, Sakoti Rs 3,670, Chandpur Rs 3,660, Nazibabad Rs 3,650 and Modinagar Rs 3,700.