The Hindu Business Line : Sugar prices surge on brisk buying

NEW DELHI: Wholesale sugar prices surged by Rs 100 per quintal in the national capital on Monday on heavy buying by retailers and bulk consumers to meet the current festival and ensuing marriage season demand.

Restricted supplies and reports of a fall in production of sugar were other dampening factors for high trading in the market. Marketmen said heavy buying by bulk consumers such as softdrink and ice cream producers to meet the present demand led to rise in sugar prices.

They said restricted arrivals amid firming global trend also influenced the trading sentiment. The sugar ready medium and second grades shot up by Rs 100 each to Rs 2,850-2,950 and Rs 2,840-2,940 per quintal in domestic market here.

Similarly, the sugar mill delivery medium and second grades traded higher by the same margin at Rs 2,750-2,875 and Rs 2,740-2,825 per quintal.

Following are today's rates in Rs per quintal:

Sugar ready M-30 2,850-2,950 and S-30 2,840-2,940. Mill delivery M-30 2,750-2,875 and S-30 2,725-2,825. Sugar mill gate prices (excluding duty): Kinonni 2,760, Asmoli 2,750, bundki 2,730, Dhanora 2,750, Kashipur 2,730, chandanpur 2,700.

Mawana 2,750, titabi 2,750, rani nangal 2,730, ramala 2,720, Samali 2,750, malak narain 2,730, Thanabhavan 2,750, Budhana 2,750, Dorala 2,750, Khatauli 2,750, Chuwara 2,700, Nanota 2,700, sakoti 2,770, tikola 2,750, monnet 2,750. - PTI

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