Sugar closes lower on bumper stocks, regular supplies

NEW DELHI: The wholesale sugar prices tumbled by Rs.30 per quintal in the national capital today following increased arrivals.

Marketmen said heavy ready stocks position on fresh supplies from mills mainly put pressure on sweetener prices.

However, ongoing marriage season demand somewhat capped the losses to some extent.

Sugar ready M-30 and S-30 prices fell from Rs.3220-3320 and Rs.3200-3300 to Rs.3200-3290 and Rs.3190-3275 per quintal respectively.

Mill delivery M-30 and S-30 prices also softened from Rs.3100-3180 and Rs.3090-3170 to finish at Rs.3090-3160 and Rs.3080-3150 per quintal.

Among millgate including duty, Bulandshar, Morna and Baghpat slipped by Rs.20 each to Rs.3120, Rs.3110 and Rs.3120 per quintal.