Sugar prices edge higher during the week; bulk demand, tight supplies help

NEW DELHI: Steady to firm conditions persisted at the wholesale market in the national capital during the week as sugar prices of select mills edged higher by Rs 10 per quintal on increased offtake by stockists and bulk consumers amid tight supplies from mills.

Marketmen said pick up in demand from bulk consumers including soft-drink and ice-cream makers, mainly pushed up sweetner prices.

Besides, fall in supplies from mills too supported the upside in prices, they added.

Sugar ready M-30 and S-30 prices traded higher by Rs.10 each to Rs 2,800-3,060 and Rs 2,790-3,040 per quintal.

On the other hand, mill delivery M-30 and S-30 prices remained unalatered at last week's closing levels of Rs 2,750-2,910 and Rs 2,740-2,880 per quintal.

In millgate section, prices of some private mills such as Dorala, Budhana, Thanabhvan and Modigar rose by Rs 10 each at Rs 2,820, Rs 2,810, Rs 2,800 and Rs 2,810 per quintal respectively.

On the other hand, government mills like Ramala, Baghpat and Anupshar were maintained at last week's closing of Rs 2,780, Rs 2,790 and Rs 2,750 per quintal.

Co-operative mills such as Morna, Sakoti, Chandpur and Nazibabad too held at last week's closing levels of Rs 2,800, Rs 2,780, Rs 2,765 and Rs 2,770 per quintal.