Sugar prices rise on fresh buying, thin supply

NEW DELHI: Sugar prices rose by Rs 20 per quintal at the wholesale market in the national capital today following fresh buying by stockists and bulk consumers amid tight supplies.

Marketmen said besides restricted arrivals from mills, gearing up in demand from stockists and bulk consumers such as soft-drink and ice-cream makers ahead of new month, mainly brought the rise in sweetener prices.

Sugar mill delivery M-30 and S-30 prices traded higher by Rs 20 each to Rs 3,370-3,470 and Rs 3,360-3,460 per quintal.

In millgate section, sugar Kinnoni, Asmoli, Dhanora, Sakoti, Simbholi and Morna improved by Rs 20 each to Rs 3,470, Rs 3,450, Rs 3,390, Rs 3,400, Rs 3,450 and Rs 3,400 per quintal, respectively.

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

Sugar retail markets - Rs 32.00-40.00 per kg.

Sugar ready: M-30 Rs 3,660-3,740, S-30 Rs 3,650-3,730.

Mill delivery: M-30 Rs 3,370-3,470, S-30 Rs 3,360-3,450.

Sugar millgate (including duty): Mawana Rs 3,430, Kinnoni Rs 3,470, Asmoli Rs 3,450, Dorala Rs 3,410, Budhana Rs 3,400, Thanabhavan Rs 3,390, Dhanora Rs 3,390, Simbholi Rs 3,450, Khatuli Rs 3,445, Dhampur Rs 3,390, Ramala Rs 3,390, Anupshaher Rs 3,380, Baghpat Rs 3,410, Morna Rs 3,400, Sakoti Rs 3,400, Chandpur Rs 3,380, Nazibabad Rs 3,380 and Malakpur Rs 3,400.