Sugar prices weakened by Rs 20 per quintal on the wholesale sugar market today on sluggish demand, amid adequate supply from mills.
Market analysts said adequate stocks supply from millers against sluggish demand mainly kept sugar prices lower.
Sugar ready medium and second grade prices declined by Rs 20 each to Rs 2,980-3,105 and Rs 2,955-2,980 per quintal, respectively.
Similarly, the sugar mill delivery medium and second grade prices lost Rs 20 each to Rs 2,780-2,930 and Rs 2,765-2,905 per quintal, respectively.
The following were today's quotation in Rs per quintal.
Sugar ready M-30 2,980-3,105 and S-30 2,955-2,980.
Mill delivery M-30 2,780-2,930 and S-30 2,765-2,905.
Sugar mill gate prices (excluding duty): Kinonni 2,910, Asmoli 2,890, Mawana 2,850, Titabi 2,820, Thanabhavan 2,790, Budhana 2785 and Dorala 2,835.
