Sugar slips on fresh supply

Sugar prices shed Rs 50 per quintal in the national capital today,following restricted buying against mounting stocks positions.

Marketmen said apart from huge stocks position on fresh supply from mills,restricted buying mainly put pressure on sugar prices.

Sugar ready medium and second grade prices lost from Rs 3,075-3,225 and Rs 3,050-3,200 to settle at Rs 3,025-3,175 and Rs 3,000-3,150 per quintal,respectively.

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Mill delivery medium and second grade prices also dropped to finish at Rs 2,875-3,050 and Rs 2,850-3,000 per quintal,respectively.

The following are today’s quotations in rupees per quintal:

Sugar ready: M-30 3,025-3,175,S-30 3,000-3,150.

Mill delivery: M-30 2,875-3,040; S-30 2,850-3,025.

Sugar mill gate prices (excluding duty): Kinnoni 3,030,Asmoli 3,020,Mawana 2,990,Titabi 2,980,Thanabhavan 2,900,Budhana 2,890,Dorala 2,985,Khatauli 2950,Morna 2850 and Ramala 2840.

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