Sugar prices lean down on ample stocks

Sugar prices softened by Rs 15 per quintal at the wholesale market in the national capital today following soaring ready stocks on relentless supplies from mills amid sluggish demand.
Marketmen said the fall in sweetener prices was mostly due to bumper ready stocks position in the market on constant supplies from mills in the wake of muted buying by stockists and bulk consumers.
Sugar mill delivery M-30 and S-30 prices dragged down by Rs 10 each to settle the day at Rs 3,540-3,800 and Rs 3,530- 3,790 per quintal.
In the mill gate section, sugar Dhanora and Chandpur dropped the most by Rs 15 each to Rs 3,720 and Rs 3,645, while Budhana, Ramala, Anupshaher and Nanota fell by Rs 10 each to Rs 3,725, Rs 3,550 and rest both at Rs 3,540 each per quintal, respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 37.00-40.00 per kg.

Sugar ready: M-30 Rs 3,860-3,930, S-30 Rs 3,850-3,920.
Mill delivery: M-30 Rs 3,540-3,800, S-30 Rs 3,530-3,790.
Sugar millgate (including duty): Mawana Rs 3,715, Kinnoni Rs 3,800, Asmoli Rs 3,750, Dorala Rs 3,725, Budhana Rs 3,725, Thanabhavan Rs 3,725, Dhanora Rs 3,720, Simbholi Rs 3,730, Khatuli Rs 3,775, Dhampur Rs 3,680, Ramala Rs 3,550, Anupshaher Rs 3,540, Baghpat Rs 3,595, Morna Rs 3,590, Sakoti Rs 3,660, Chandpur Rs 3,645, Nazibabad Rs 3,575, Modinagar 3,715, Shamli 3,730, and Nanota 3,540.