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Sugar declines on reduced offtake

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Press Trust of India New Delhi

Sugar mill gate prices fell by Rs 10 per quintal in the national capital today following ample supply amid reduced offtake.

Market analysts said selling pressure from mills mainly caused a downfall in millgate sugar prices. 

In millgate section, sugar Mawana and budhana fell by Rs 10 each to Rs 2,850 and Rs 2,740 per quintal, respectively.

Following were today's quotation in Rs per quintal.

Sugar ready M-30 2,940-3,020 and S-30 2,910-3,010
Mill delivery M-30 2,730-2,915 and S-30 2,700-2,900

Sugar mill gate prices (excluding duty): Kinonni 2,900, Asmoli 2,890, Mawana 2,850, Titabi 2,840, Thanabhavan 2,750, Budhana 2740 and Dorala 2,840

 

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First Published: May 12 2011 | 5:25 PM IST

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