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Sugar Prices Rise Rs. 50 In Delhi On Strong Demand, Positive Tone In Other Regions

27 Jan 2021 6:15 pm
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NEW DELHI (Commodities control) Sugar market turned to bullish today in Northern and Eastern regoins of the country as demand improved slightly from various sections of buyers. The prices gained up to Rs. 50 per quintal in Delhi and Uttar Pradesh as millers have raised selling prices by Rs. 20-25 per quintal. Kolkata market also registered price rise of Rs. 10 per quintal. There was steady trend in Southern and western region but demand was slightly better.



M grade sugar was traded at Rs. 3360-3480 per quintal with gains of Rs. 50 per quintal. S grade sugar also rose Rs. 50 per quintal. Similarly, Kanpur, Bareilly and Muzaffarnagar also gained Rs. 40-50 per quintal. A trader from Delhi criticized millers sales strategy. He said that the millers increase prices in last couple of days to let the stock (with traders and stockists) drain out at lower prices. Now they have raised their selling prices when the pipeline dried up. The millers succeeded not only to gain better prices but also to clear their stock. Today, millers have increased selling prices by Rs. 20-25 per quintal. According to market estimates, private millers have cleared substantial amount of their quota today. Therefore, mostly millers have closed their sale after a while.



Kolkata market also inched up Rs. 10 per quintal for both varieties of sugar. There was better demand from retailers and other sections of buyers. Some eastern millers have their selling prices. Although, few millers did not increase their selling prices.



In southern and western markets, the prices did not move up side but demand was slightly better. A senior official from a southern sugar company said that buyers came up for fresh buying. Earlier, they were just negotiating prices but hesitant for closing deals.


Market

Grade

27-Jan

25-Jan

Change

Delhi

M-31

3360-3480

3330-3430

50

(Including GST)

S-31

3340-3460

3310-3410

50

Muzaffarnagar (UP)

M-31

3350-3460

3320-3420

40

(Including GST)

S-31

3330-3440

3300-3400

40

Kanpur (UP)

M-31

3360-3480

3330-3430

50

(Including GST)

S-31

3340-3460

3310-3410

50

Mumbai-Vashi

M-30

3210-3422

3210-3422

0

GST Extra

S-30

3122-3212

3126-3212

-4

Mumbai-Naka

M-30

3150-3210

3150-3210

0

GST Extra

S-30

3110-3160

3110-3160

0

Kolhapur (Maha)

M-30

3040-3100

3040-3100

0

GST Extra

S-30

3000-3020

3000-3020

0

Hyderabad (Tel.)

M-30

3090-3110

3090-3110

0

GST Extra

S-30

3060-3090

3060-3090

0

Bangaluru (Ktk)

M-30

3110-3130

3110-3130

0

GST Extra

S-30

3070-3100

3070-3100

0

Chennai (TN)

M-30

3190-3210

3190-3210

0

GST Extra

S-30

3160-3190

3160-3190

0

Kolkata Ex-Rly Siding

M-30

3450-3460

3440-3450

10

(Including GST)

S-30

3400-3410

3390-3400

10

(By Commoditiescontrol Bureau: +91-22-40015505)


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