Sugar recovers on festive demand

Sugar prices firmed up by Rs 60 per quintal at the wholesale sugar market in the national capital today mostly on the back of increased offtake by retailers and bulk consumers, driven by festive season demand.
Marketmen said revival of buying by bulk consumers and retailers driven by festive season, mainly pushed up sweetner prices but huge stocks position on increased supplies by mills, restricted gains.
Higher advices from adjoining states too helped to pushed up prices, they added.
Sugar ready M-30 and S-30 prices hardened by Rs 60 each to settle at Rs 3,140-3,340 and Rs 3,130-3,330 per quintal.

Mill delivery M-30 and S-30 also traded higher at Rs 3,010-3,190 and Rs 3,000-3,180 instead of Rs 2,930-3,125 and Rs 2,920-3,115 per quintal.
In the millgate section, sugar Kinnoni, Dorala, Simbholi, Baghpat, Khatuli and Morana remained in keen demand and shot up by Rs 60 each to Rs 3,190, Rs 3,090, Rs 3,180, Rs 3,050, Rs 3,150 and Rs 3,050 per quitnal, respectively.

Prices of Asmoli rose by Rs 50 at Rs 3,150, followed by Anupshar and Mawana by Rs 40 each at Rs 3,010 and Rs 3,125 per quintal.
In line with better trend, sugar Chandpur, Bulandshar and Thanabhavan gained Rs 30 each at Rs 3,060, Rs 3,080 and Rs 3,060 per quintal, while sakoti by Rs 20 at Rs 3,030 per quintal.

Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 32.00-35.00 per kg.
Sugar ready: M-30 Rs 3,140-3,340 S-30 Rs 3,130-3,330.
Mill delivery: M-30 Rs 3,010-3,190 S-30 Rs 3,000-3,180.
Sugar mill gate (including duty): Mawana Rs 3,125 Kinnoni Rs 3,190 Asmoli Rs 3,150 Dorala Rs 3,090 Budhana Rs 3,070 Thanabhavan Rs 3,060 Dhanora Rs 3,080 Simbholi Rs 3,180 Modi Nagar Rs 3,030 Khatuli Rs 3,150 Dhampur Rs 2,990 Ramala Rs 2,980 Bulandshahr Rs 3,080 Anupshahr Rs 3,010 Baghpat Rs 3,050 Morna Rs 3,050 Sakoti Rs 3,030 Chandpur Rs 3,060 and Nazibabad Rs 2,970.