Sugar rebounds on brisk buying, tight supply

Sugar rose up to Rs 100 per quintal at the wholesale market in the national capital today following strong demand from bulk consumers amid tight supplies by mills.
Marketmen attributed strong recovery in sweetener prices to spurt in demand from stockists and bulk consumers including soft-drink and ice-cream makers.
Furthermore, fresh buying by retailers ahead of new month, and fall in supplies by mills, also influenced sugar prices, they said.
Prices of sugar ready M-30 and S-30 enquired higher at Rs 2,630-2,790 and Rs 2,620-2,780 as against last close of Rs 2,600-2,750 and Rs 2,590-2,740, per quintal.
Mill delivery M-30 and S-30 prices also traded higher at Rs 2,490-2,640 and Rs 2,480-2,630 instead of Rs 2,410-2,590 and Rs 2,400-2,580 per quintal.

In the millgate section, sugar Sakoita recorded a hefty rise of Rs 100 per quintal at Rs 2,490 per quintal.

Sugar Asmoli, Dhampur, Anupshaher, Ramala, Baghpat, Nazibabad, Morna, Malakpur, Budhana and Thanabhavan also climbed up to Rs 80 per quintal at Rs 2,640, Rs 2,500, Rs 2,480, Rs 2,500, Rs 2,520, Rs 2,490, Rs 2,520, Rs 2,480, Rs 2,525 and Rs 2,515 per quintal.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 27.00-32.00 per kg.
Sugar ready: M-30 Rs 2,630-2,790 S-30 Rs 2,620-2,780.
Mill delivery: M-30 Rs 2,490-2,640 S-30 Rs 2,480-2,630.
Sugar millgate (including duty): Mawana Rs 2,520, Kinnoni Rs 2,640, Asmoli Rs 2,640, Dorala Rs 2,530, Budhana Rs 2,525, Thanabhavan Rs 2,515, Dhanora Rs 2,510, Simbholi Rs 2,640, Khatuli Rs 2,635, Dhampur 2,500, Ramala Rs 2,500, Bulandshaher Rs 2,480, Anupshaher Rs 2,480, Baghpat Rs 2,520, Morna Rs 2,520, Sakoti Rs 2,490, Chandpur Rs 2,480, Nazibabad Rs 2,490 and Malakpur 2,480.