Sugar prices surge on festive demand

Sugar prices firmed up by Rs 30 per quintal at the wholesale market in the national capital today following brisk buying by stockists and bulk consumers to meet festive season demand amid restricted supplies.

Marketmen said a spurt in demand from bulk consumers and retailers following beginning of new month and festive season, mainly buoyed the upsurge in sweetener prices.

Besides, restricted supplies from mills gave boost to rising sweetener prices, they added.

Sugar ready M-30 and S-30 prices quoted higher by Rs 30 each to settle at Rs 3,960-4,120 and Rs 3,950-4,110 per quintal.

Mill delivery M-30 and S-30 prices too rose by Rs 30 each to end at Rs 3,615-3,830 and Rs 3,605-3,820 per quintal.
 

In the mill gate section, sugar, Kinnoni, Ramala, Khatuli, Anupshaher, Asmoli, Baghpat, Morna, and Sakoti all moved up by Rs 30 each to Rs 3,830, 3,645, Rs 3,830, Rs 3,625, Rs 3,630, Rs 3,655, Rs 3,650 and Rs 3,760 per quintal, respectively.

Following are today's quotations (in Rs per quintal)

Sugar retail markets - Rs 39.00-43.00 per kg.

Sugar ready: M-30 Rs 3,960-4,120, S-30 Rs 3,950-4,110.

Mill delivery: M-30 Rs 3,615-3,830, S-30 Rs 3,605-3,820.

Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,830, Asmoli Rs 3,830, Dorala Rs 3,780, Budhana Rs 3,770, Thanabhavan Rs 3,765, Dhanora Rs N.Q., Simbholi Rs N.Q, Khatuli Rs 3,830, Dhampur Rs 3,740, Ramala Rs 3,645, Anupshaher Rs 3,625, Baghpat Rs 3,655, Morna Rs 3,650, Sakoti Rs 3,760, Chandpur Rs 3,670, Nazibabad Rs 3,635, Modinagar N.Q., Shamli 3,745 and Nanota 3,635.