Sugar millgate prices gained Rs 80 per quintal in the national capital today on the back of thin supply and brisk demand.
Marketmen said fall in supply from mills, sparked by heavy buying by stockists and bulk consumers such as soft-drink, ice-cream and sweet makers due to ongoing summer season, mainly led the rise in sweetener prices.
Less availability of sugarcane as farmers tend to shift alternative crops and divert supply to competing industries because of widening payment dues to farmers was also one of the reason behind the price rise, they added.
Mill delivery M-30 and S-30 prices spurted from Rs 3150-3250 and Rs 3140-3240 to conclude higher at Rs 3190-3320 and Rs 3180-3310 per quintal.
Among millgate section, Sugar Simbholi and Asmoli climbed up by Rs 80 each to Rs 3340 and Rs 3320 per quintal.
Sugar Kinnoni hardened by Rs 70 at Rs 3320, while Dorala and Khatuli gained by Rs 60 each to Rs 3240 and Rs 3340 per quintal.
The following are today's quotations per quintal:
Sugar ready: M-30 Rs 3,200-3,400, S-30 Rs 3,190-3,390.
Mill delivery: M-30 Rs 3,190-3,320; S-30 Rs 3,180-3,310.
Sugar mill gate (including duty): Mawana 3,190, Kinnoni 3,320, Asmoli 3,320, Dorala 3,240, Budhana 3,210, Thanabhavan 3,200, Dhanora 3,250, Simbholi 3,340, Modi Nagar Rs 3,190, Khatuli 3,340, Dhampur 3,200, Ramala 3,240, Bulandshar 3,240, Anupshar 3,190, Baghpat 3,240, Morna 3,230, Sakoti 3,200, Chandpur 3,230, Amroha N.T. And Nazibabad 3,230.
