Sugar prices fall on heavy stocks, regular arrivals

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Sugar prices eased by Rs 10 per quintal at the wholesale sugar market in the national capital today due to huge stocks position following ample supplies from mills against on subdued demand, reported PTI.

Marketmen said besides falling demand from bulk consumers despite ongoing wedding season, mounting stocks in the market following persistent supplies from mills mainly put pressure on sweetener prices.

Sugar ready M-30 and S-30 prices were lower by Rs 10 each to Rs 2,780-3,010 and Rs 2,770-2,990 per quintal.

Similarly, mill delivery M-30 and S-30 prices weakened by a similar margin to Rs 2,720-2,870 and Rs 2,705-2,850 per quintal.

In millgate section, sugar Kinnoni, Asmoli, Budhana and Khatuli also traded Rs 10 each lower at Rs 2,870, Rs 2,810, Rs 2,780 and Rs 2,820 per quintal.

Story first published: Monday, February 2, 2015, 23:00 [IST]
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