Sugar prices dropped by Rs 20 per quintal at the wholesale market in the national capital today, dragged down by sufficient availability of stocks following higher supplies from mills amid scattered buying by stockists and bulk consumers.
Marketmen said the fall in sweetner prices was mostly due to adequate stocks following increased supplies from mills.
Sugar ready M-30 and S-30 prices slipped from last closing levels of Rs 3,820-3,900 and Rs 3,810-3,990 to settle at Rs 3,820-3,880 and Rs 3,810-3,870 respectively, showing a fall of Rs 20 per quintal.
In tune with overall trend, prices of mill delivery M-30 and S-30 dropped from Rs 3,530-3,600 and Rs 3,520-3,590 to finish at Rs 3,520-3,580 and Rs 3,510-3,570, revealing a net loss of Rs 20 per quintal.
In the millgate section, sugar Kinnoni, Asmoli, Dhanora, Dhampur and Sakoti were down by Rs 20 each to conclude at Rs 3,580, Rs 3,550, Rs 3,510 and rest all at Rs 3,510 each per quintal.