NEW DELHI, July 4: Sugar prices fell further at the wholesale market today owing to slackened demand from bulk consumers and retailers against ample supplies from millers.
Traders said increased supplies against low demand from bulk consumers and retailers, mainly kept pressure on sugar prices.
Tracking wholesale market, sugar prices in the retail market also showed a downward trend, they said.
Sugar ready M-30 and S-30 slipped to Rs 34.20-35.00 and Rs 34.10-35.80 against last close of Rs 34.40-35.70 and Rs 34.30-36.00 per kg, respectively.
Similarly, sugar mill delivery M-30 and S-30 traded lower at Rs 32.60-33.50 and Rs 32.40-33.50 per kg, respectively.
In the mill gate section, Mawana, Kinnoni and Asmoli remained under some pressure and eased to Rs 33.25, Rs 33.50 and Rs 33.15 from Rs 33.30, Rs 33.70 and Rs 33.50 per kg, respectively.
Dorala, Budhana and Thanabhavan followed suit and enquired lower at Rs 33.40, Rs 33.00 and Rs 32.80 against last close of Rs 33.45, Rs 33.20 and Rs 33.10 per kg, respectively.
In the retail market, sugar prices were weakened by 50 paise to Rs 38.00-39.00 per kg.
Following are today’s quotations (in Rs per kg)
Sugar retail markets – Rs 38.00-39.00 per kg.
Sugar ready: M-30 (Rs 34.20-35.00); S-30(Rs 34.10-35.80).
Mill delivery: M-30 (Rs 32.60-33.50); S-30 (Rs 32.40-33.50).
Sugar mill gate (including duty): Mawana (Rs 33.25); Kinnoni (Rs 33.50); Asmoli (Rs 33.15); Dorala (Rs 33.40); Budhana (Rs 33.00); Thanabhavan (Rs 32.80); Dhanora (Rs 32.80); Simbholi (Rs 33.80); Modi Nagar (Rs 32.90); Khatuli (Rs 33.80); Dhampur (Rs 32.60); Ramala (Rs 32.80); Bulandshahr (Rs 32.60); Anupshahr (Rs 32.60); Baghpat (Rs 33.00); Morna (Rs 32.90); Sakoti (Rs 32.50); Chandpur (Rs 32.50) and Nazibabad (Rs 32.80). (PTI)
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