Sugar millgate prices decline on fresh arrivals
Sugar millgate prices of sattha and chandpur moved down by Rs 5 to 15 a quintal in the wholesale sugar market today due to ample supply.
By PTI |
NEW DELHI: Sugar millgate prices of sattha and chandpur moved down by Rs 5 to 15 a quintal in the wholesale sugar market today due to ample supply.
In the millgate, sattha dipped by Rs 10 at Rs 1,240 while, chandpur quoted lower at Rs 1,255 a quintal.
Marketmen said arrivals of new sugarcane crop forced sugar mills to clear their stocks, which mainly influenced trading sentiment.
They said most of the millgate sugar varieties traded lower in Uttar Pradesh region as new crop started coming in this region.
In the millgate, sattha dipped by Rs 10 at Rs 1,240 while, chandpur quoted lower at Rs 1,255 a quintal.
Marketmen said arrivals of new sugarcane crop forced sugar mills to clear their stocks, which mainly influenced trading sentiment.
They said most of the millgate sugar varieties traded lower in Uttar Pradesh region as new crop started coming in this region.
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