Sugar prices shot up by Rs 70 per quintal at the wholesale market in the national capital today on the back of pick up in buying by stockists and bulk consumers amid thin supplies from mills.
Marketmen said fall in supplies from mills against brisk demand from stockists and bulk consumers such as soft-drink and ice-cream makers, mainly described the uptrend in sweetener prices.
Sugar ready M-30 and S-30 prices quoted higher by Rs 50 each to end the day at Rs 4,050-4,150 and Rs 4,040-4,140 per quintal.
Mill delivery M-30 and S-30 prices also enquired higher by Rs 70 each to end the day at Rs 3,650-3,800 and Rs 3,640- 3,790 per quintal.
In the millgate section, sugar Morna, Nazibabad and Nanota spurted by Rs 70 each to Rs 3,670, Rs 3,660 and Rs 3,670, while Ramala and Anupshaher hardened by Rs 65 each to Rs 3,660 and Rs 3,655 per quintal.
Sugar Dhanora and Shamli gained Rs 60 each to Rs 3,770 and Rs 3,730, while Simbholi, Sakoti, Khatuli and Chandpur rose by Rs 50 each to Rs 3,770, Rs 3,720, Rs 3,770 and Rs 3,720 per quintal, respectively.
Following are today's quotations (in Rs per quintal)
Sugar retail markets - Rs 44.00-45.00 per kg.
Sugar ready: M-30 Rs 4,050-4,150, S-30 Rs 3,890-4,090.
Mill delivery: M-30 Rs 3,650-3,800, S-30 Rs 3,640-3,790.
Sugar millgate (including duty): Mawana Rs N.Q., Kinnoni Rs 3,800, Asmoli Rs 3,760, Dorala Rs 3,730, Budhana Rs 3,720, Thanabhavan Rs 3,715, Dhanora Rs 3,770, Simbholi Rs 3,770, Khatuli Rs 3,770, Dhampur Rs 3,690, Ramala Rs 3,660, Anupshaher Rs 3,655, Baghpat Rs 3,675, Morna Rs 3,670, Sakoti Rs 3,720, Chandpur Rs 3,720, Nazibabad Rs 3,660, Modinagar N.Q., Shamli 3,730 and Nanota 3,670.
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