slipped by up to Rs 70 per quintal at the wholesale market in the national capital due to withdrawal of support from stockists and bulk consumers amid pick up in supplies by mills at higher levels.
Meanwhile, Indian Sugar Mills Association (ISMA) has reported a downfall in total output this year but Uttar Pradesh has showed a higher output of nearly about 30 per cent.
Marketmen said increased arrivals from mills amid fall in demand at current level, led to the fall in the sweetener prices.
In price section, sugar ready M-30 and S-30 turned weak as prices slipped from last week’s closing levels of Rs 4,050-4,120 and Rs 4,040-4,110 to end at Rs 4,000-4,050 and Rs 3,990-4,040, showing a fall of Rs 70 per quintal.
Mill delivery M-30 and S-30 prices also declined by Rs 20 each to Rs 3,700-3,780 and Rs 3,710-3,790 as compared to previous week’s close of Rs 3,720-3,800 and Rs 3,710-3,790 per quintal.
In the millgate section, sugar Chandpur fell by Rs 30 to Rs 3,690, followed by Dorala by Rs 25 to Rs 3,720 per quintal.
Sugar Kinnoni, Budhana, Thanabhavan, Simbholi, Modinagar and Khatuli lost Rs 20 each to Rs 3,780, Rs 3,720, Rs 3,710, Rs 3,760, Rs 3,710 and Rs 3,760 per quintal, respectively.
Prices of Mawana, Dhanora, Dhampur, Ramala, Baghpat and Morna fell by Rs 10 each to Rs 3,730, Rs 3,720, Rs 3,700, Rs 3,720, Rs 3,740 and Rs 3,730 per quintal. (MORE)
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com