Sugar prices up on increased demand, tight supply

Sugar prices firmed up by Rs 20 per quintal at the wholesale market in the national capital today following largely on the back of increased demand from stockists, retailers and bulk consumers amid restricted arrivals from mills.
Marketmen said the rise in sweetener prices was mostly attributed to strong demand from retailers, stockist and bulk consumers such as ice-cream and soft-drink makers due to beginning of new month.
Besides, tight supplies from mills also influenced sugar prices, they added.
Sugar ready M-30 and S-30 prices improved by Rs 20 each to end at Rs 3,700-3,800 and Rs 3,690-3,790 per quintal.

Similarly, mill delivery M-30 and S-30 prices also rose by Rs 20 each to settle at Rs 3,410-3,490 and Rs 3,400-3,480 per quintal.
In the millgate section, sugar Dorala, Dhanora, Simbholi, Dhampur, Anupshaher, Baghpat, Morna, Chandpur and Sakoti all rose by Rs 20 each to Rs 3,430, Rs 3,420, Rs 3,480, Rs 3,420, Rs 3,410, Rs 3,430, Rs 3,420, Rs 3,410 and Rs 3,420 per quintal, respectively.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 33.00-41.00 per kg.
Sugar ready: M-30 Rs 3,700-3,800, S-30 Rs 3,690-3,790.
Mill delivery: M-30 Rs 3,410-3,490, S-30 Rs 3,400-3,480.
Sugar millgate (including duty): Mawana Rs 3,450, Kinnoni Rs 3,490, Asmoli Rs 3,470, Dorala Rs 3,430, Budhana Rs 3,430, Thanabhavan Rs 3,420, Dhanora Rs 3,420, Simbholi Rs 3,480, Khatuli Rs 3,470, Dhampur Rs 3,420, Ramala Rs 3,410, Anupshaher Rs 3,410, Baghpat Rs 3,430, Morna Rs 3,420, Sakoti Rs 3,420, Chandpur Rs 3,410, Nazibabad Rs 3,420 and Malakpur Rs N.T.