NEW DELHI: (PTI)Sugar prices, after rising for a couple of days, lost up to Rs 30 a quintal in the national capital on profit booking by stockist helped by lower trend in sugar futures at NCDEX.
Marketmen said selling pressure from stockist and millers amid reduced offtake by bulk consumers and local parties, mainly pulled down sugar prices.
Non-stop rains in Delhi also kept the business movements on low ebb, said a trader Deepak Kumar of Uma Traders.
Sugar ready medium and second grade lost from Rs.1910-1980 and Rs.1900-1970 to close at Rs.1890-1960 and Rs.1875-1950 a quintal respectively.
Mill delivery medium and second grade price also met with resistance and quoted lower at Rs.1710-1840 and Rs.1690-1830 instead of Rs.1725-1860 and Rs.1700-1850 per quintal respectively.
Among millgate section, sugar dorala, mawana, khatauli and simbhawali dropped up to Rs.30 a quintal at Rs.1810, Rs.1820, Rs.1800 and Rs.1900 respectively.
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