Sugar prices declines on heavy stocks position

NEW DELHI: Sugar prices dropped in the wholesale sugar market at national capital today, following heavy stocks position against current demand.

Marketmen said adequate stock position into the market against summer season demand mainly kept sugar prices lower.

Sugar M-30 and S-30 both prices quoted lower to traded at Rs 3,100-3,300 and Rs 3,075-3,275 per quintal, respectively.

Mill delivery M-30 and S-30 also slipped to settle at Rs 2,950-3,150 and Rs 2,925-3,125 per quintal, respectively.

In the millgate section, sugar dorala, morna and thanabhavan enquired lower up to Rs 50 to Rs 3,000, Rs 2,910 and Rs 2,990 per quintal, respectively.