The Hindu Business Line : Sugar prices ease amid adequate supply

NEW DELHI: Sugar prices on Thursday softened by Rs 25 a quintal in the national capital after the government announced additional quota of the sweetener for the current month to check rising prices and meet festive demand.

Sugar ready medium and second grade price dropped by Rs 25 to settle at Rs 1,955-2,000 and Rs 1,940-1,990 per quintal, respectively. Mill delivery medium and second grade prices also slipped by Rs 25 each to finish at Rs 1725-1830 and Rs 1715-1820 per quintal respectively.

Marketmen said sugar demand remain high due to ongoing festival season. They said the market sentiment remained bearish on rumours that the government might release more quota this month to check rising prices.

Among millgate section, sugar mawana, dorala and khatauli lost by Rs.20 to settle at Rs.1910, Rs.1900 and Rs.1920 a quintal respectively. Budhana, Thanabhawan and chandpur also dropped to depicted at Rs.1900, Rs.1900 and Rs.1845 a quintal respectively.

Following were today's rates in Rs. Per quintal:

Sugar ready M-30 1960-2000 and S-30 1940-1990. Mill delivery M-30 1725-1830 and S-30 1715-1820. Sugar mill gate prices (excluding duty): Dorala 1,910, Mawana 1,900, Khatauli 1,920, Simbhawali 1,920, Asmoli 1,920, Dhanora 1,890, Dhampur 1,900, Budhana 1 ,900, Thanabhawan 1,900, Ramala 1,860, Baghpat 1,865, Bulandshar 1,860, Anupshar 1,850, Morna 1,860, Sakoti 1,860, Amroha 1,850, Chandpur 1,845, Nanota 1,850 and Nazibabad 1,845. - PTI

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