Sugar prices zoom on brisk demand, thin supply

Sugar prices firmed up by Rs 100 per quintal at the wholesale market in the national capital today following brisk demand amid thin supply.

Marketmen said sturdy buying by stockists and bulk consumers to meet ongoing summer demand amid fall in arrivals from mills lifted the sweetener's prices.

Sugar ready (M-30) and (S-30) prices climbed by Rs 100 each to finish the day at Rs 3,400-3,550 and Rs 3,390-3,540 per quintal.

Mill delivery (M-30) and (S-30) prices also shot up by Rs 100 each to end at Rs 3,200-3,380 and Rs 3,190-3,370 per quintal.

In the mill gate section, sugar Budhana and Dhampur emerged prominent gainers by climbing Rs 100 each to Rs 3,250 and Rs 3,210, while Dorala and Thanabhavan shot up by Rs 95 each to settle at Rs 3,240 per quintal each.

 

Prices of Mawana gained Rs 90 to Rs 3,240 and Malakpur rose by Rs 80 to Rs 3,220 per quintal.

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

Sugar retail markets - Rs 35-40 per kg.

Sugar ready: M-30 Rs 3,400-3,550, S-30 Rs 3,390-3,540.

Mill delivery: M-30 Rs 3,200-3,380, S-30 Rs 3,190-3,370.

Sugar millgate (including duty): Mawana Rs 3,240, Kinnoni Rs 3,380, Asmoli Rs 3,360, Dorala Rs 3,240, Budhana Rs 3,250, Thanabhavan Rs 3,240, Dhanora Rs 3,330, Simbholi Rs N.T, Khatuli Rs 3,320, Dhampur Rs 3,210, Sakoti N.A, Modinagar N.A., Shamli N.A., Malakpur 3,200, Ramala not available, Anupshaher N.A, Baghpat N.A., Morna N.A., Chandpur N.A., Nazibabad N.A and Nanota N.A.