Sugar prices up on government's decision to export

NEW DELHI: Sugar prices surged at the wholesale sugar market in the national capital today owing to of brisk buying amidst the government's decision on barter exports.

Government to export surplus sugar of 4 million tonnes through barter trade with other nations.

Marketmen said brisk buying and government decision on exports influenced sugar prices.

Sugar ready M-30 and S-30 climbed to Rs 2,550-2,750 and Rs 2,540-2,740 from previous levels of Rs 2,460-2,620 and Rs 2,450-2,610 per quintal, respectively.

Similarly, mill delivery M-30 and S-30 jumped up to Rs 2,360-2,540 and Rs 2,350-2,530 from previous close of Rs 2,280-2,450 and Rs 2,270-2,440 per quintal, respectively.

In the millgate section, Mawana, Kinnoni,Asmoli, Dorala, Budhana, Thanabhavan,Dhanora and Simbholi were also quoted higher at Rs 2,495, Rs 2,540, Rs 2,520, Rs 2,475, Rs 2,460, Rs 2,450, Rs 2,440 and Rs 2,530 instead of Rs 2,385, Rs 2,450, Rs 2,410, Rs 2,360,Rs 2,360, Rs 2,350, 2,340 and Rs 2,430 per quintal, respectively.

Khatauli, Dhampur, Ramala, Bulandshaher, Anupshaher, Baghpat, Morna, Sakoti, Chandpur,Nazibabad and Malakpur too finished higher at Rs 2,520, Rs 2,440, Rs 2,360, Rs 2,430, Rs 2,360,Rs 2,370, Rs 2,370, Rs 2,430, 2,430, 2,360 and Rs 2,440 against last close of of Rs 2,430, Rs 2,330,Rs 2,300, Rs 2,310, Rs 2,290, Rs 2,310, Rs 2,300, Rs 2,300, Rs 2,300, Rs 2,290 and Rs 2,320 per quintal, respectively.