Sugar prices up on better offtake, reduced arrivals

Marketmen said ongoing marriage season demand and higher advices from mills, mainly pushed up sweetener prices.

Better offtake by stockist and bulk consumers such as soft-drink and pharmaceutical industries too influenced the trading sentiment, they said.

Sugar ready M-30 and S-30 prices quoted higher from Rs 3320-3470 and Rs 3300-3450 to close at Rs 3340-3480 and Rs 3320-3460 per quintal.

In millgate including duty section, sugar Mawana and Ramala asked higher by Rs 15 each to Rs 3360 and Rs 3210 per quintal. Sugar Nazibabad gained Rs 20 at Rs 3200 while Baghpat added Rs 15 at Rs 3240 per quintal.

The following were today quotations per quintal: Sugar ready: M-30 3,340-3,480, S-30 3,320-3,460.

Mill delivery: M-30 3,200-3,350; S-30 3,180-3,330. Sugar mill gate (including duty): Mawana 3360, Kinnoni 3425, Asmoli 3380, Dorala 3340, Budhana 3325, Thanabhavan 3330, Dhanora 3280, Simbholi 3420, Modi Nagar 3300, Khatuli 3330, Dhampur 3320, Ramala 3210, Bulandshar 3280, Anupshar 3200, Baghpat 3240, Morna 3220, Sakoti 3250, Chandpur 3265, Amroha 3270 and Nazibabad 3200.