Sugar remained in keen demand for the second straight day in the national capital on sugar mills raising the prices.
Market sentiment turned bullish after mills led by Maharashtra decided to hike product prices in line with a rising cost.
The decision was taken at a meeting organised by the Maharashtra State Sugar Manufacturers Association on Thursday.
They said the hike in cost of production and fuel prices forced the millers to raise the product prices. Emergence of festive demand, among retailers and bulk consumers also boosted the uptrend.
Sugar ready medium and second grades prices moved up by Rs 50 each to Rs 2,850-2,950 and Rs 2,840-2,940 per quintal.
The mill delivery medium and second prices also went up Rs 50 each to Rs 2,750-2,850 and Rs 2,740-2,840 per quintal.
Following are today's rates in Rs per quintal:
Sugar ready M-30 2850-2950 and S-30 2,840-2,940
Mill delivery M-30 2,750-2,850 and S-30 2,740-2,840
Sugar mill gate prices (excluding duty): Kinonni 2,830, Asmoli 2,820, Mawana 2,775, Titabi 2,770, Thanabhavan 2,760, Budhana 2,750 and Dorala 2,760
