Sugar prices climb on brisk demand

NEW DELHI: Sugar prices shot up by Rs 50 per quintal in the national capital today following brisk buying by stockist and retailers amid restricted supply.

Marketmen said private millers asking higher prices against restricted supply mainly pushed up sugar prices.

They said rising demand from stockist and bulk consumers such as soft-drink and ice-cream making industries, mainly pushed up the prices.

Sugar ready M-30 and S-30 prices jumped up by Rs.50 each to Rs.3120-3320 and Rs.3100-3300 per quintal.

Mill delivery M-30 and S-30 prices also hardened by Rs.50 each to Rs.2960-3195 and Rs.2940-3175 per quintal.

Among millgate excluding duty section, sugar mawana, thanabhavan and dorala all asked higher upto Rs.50 at Rs.3060, Rs.3035 and Rs.3050 per quintal.