Sugar prices shot up by Rs 50 per quintal in the national capital on Thursday, following brisk buying by stockists and retailers, amid restricted supply. Marketmen said private millers asking higher prices against restricted supply mainly pushed up sugar prices.
They said rising demand from stockist and bulk consumers, such as soft drink and ice-cream making industries, pushed up the prices. Sugar ready M-30 and S-30 prices jumped up by Rs 50 each to Rs 3,120-3,320 and Rs 3,100-3,300 per quintal. Mill delivery M-30 and S-30 prices also hardened by Rs 50 each to Rs 2,960-3,195 and Rs 2,940-3,175 per quintal.
