Sugar prices spurted by up to Rs 70 per quintal at the wholesale market in the national capital today following strong demand from stockists and bulk consumers amid thin supplies from mills.
Market players said the rise in sugar prices was mostly attributed to strong demand from stockists as well as bulk consumers such as ice-cream makers against pause in supplies from millers.
Furthermore, pick up in exports demand too supported the upside in sweetener prices, they added.
Sugar ready M-30 and S-30 prices shot up by Rs 70 each to settle at Rs 3,420-3,550 and Rs 3,410-3,540 per quintal.
Mill delivery M-30 and S-30 prices climbed Rs 40 each to end at Rs 3,120-3,220 and Rs 3,110-3,210 per quintal.
In the millgate section, sugar Khatuli traded higher by Rs 60 to Rs 3,220, followed by Sakoti, Dhampur, Anupshaher, Ramala, Baghpat, Nazibabad and Morna by Rs 50 each to Rs 3,150, Rs 3,140, Rs 3,130, Rs 3,140, Rs 3,150, Rs 3,130 and Rs 3,150 per quintal, respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 33.00-39.00 per kg.
Sugar ready: M-30 Rs 3,420-3,550, S-30 Rs 3,410-3,540.
Mill delivery: M-30 Rs 3,120-3,220, S-30 Rs 3,110-3,210.
Sugar millgate (including duty): Mawana Rs 3,160, Kinnoni Rs 3,220, Asmoli Rs 3,190, Dorala Rs 3,160, Budhana Rs 3,160, Thanabhavan Rs 3,150, Dhanora Rs 3,140, Simbholi Rs 3,210, Khatuli Rs 3,220, Dhampur Rs 3,140, Ramala Rs 3,140, Anupshaher Rs 3,130, Baghpat Rs 3,150, Morna Rs 3,150, Sakoti Rs 3,150, Chandpur Rs 3,120, Nazibabad Rs 3,130 and Malakpur Rs 3,150.
