Sugar prices tumble Rs 130/ a qtl on ample stocks

New delhi: Sugar prices driven by Rs 130 per quintal at the wholesale market in the national capital today, dragged down by ample stocks following persistent supplies from mills amid muted demand from stockists as well as bulk consumers.

Marketmen said relentless supplies from mills coupled with slackened demand due to month-end, weighed on sweetener prices.

Sugar ready M-30 and S-30 prices suffered the most by dropping Rs 130 each to settle the day at Rs 3,760-3,850 and Rs 3,750-3,840 instead of Rs 3,880-3,980 and Rs 3,870-3,970 per quintal.

Mill delivery M-30 and S-30 prices also drifted lower by Rs 3,440-3,575 and Rs 3,430-3,565, showing a fall of Rs 85 per quintal.

In the millgate section, sugar Khatuli suffered the most by falling Rs 120 to close at Rs 3,520, followed by Dhampur by Rs 110 to Rs 3,500 per quintal.

Sugar Mawana, Dhampur, Sakoti and Chandpur also dropped by Rs 100 each to Rs 3,490, Rs 3,500, Rs 3,490 and Rs 3,480, while Dorala, Simbholi and Modinagar lost Rs 90 each to Rs 3,520, Rs 3,550 and Rs 3,500 per quintal.

Sugar Kinnoni fell by Rs 85 to Rs 3,575, meanwhile Asmoli declined by Rs 80 to Rs 3,540 per quintal.

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

Sugar retail markets – Rs 38.00-41.00 per kg.

Sugar ready: M-30 Rs 3,760-3,850, S-30 Rs 3,750-3,840.

Mill delivery: M-30 Rs 3,440-3,575, S-30 Rs 3,430-3,565.

Sugar millgate (including duty): Mawana Rs 3,490, Kinnoni Rs 3,575, Asmoli Rs 3,540, Dorala Rs 3,520, Budhana Rs 3,540,Thanabhavan Rs 3,530, Dhanora Rs 3,500, Simbholi Rs 3,550, Khatuli Rs 3,520, Dhampur Rs 3,500, Ramala Rs 3,440, Anupshaher Rs 3,450, Baghpat Rs 3,450, Morna Rs 3,450, Sakoti Rs 3,490, Chandpur Rs 3,480, Nazibabad Rs 3,440 and Modi nagar 3,500.