Sugar prices rally on lesser arrival of stocks from mills

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Navi Mumbai, Oct 31 (UNI) Wholesale sugar prices today recovered by Rs 15 per quintal on increase in bulk consumers demand in the face of reduced arrival of stocks from co-operative mills, traders at the Bombay Sugar Merchants Association said.

Prices of small grade and medium grades (per quintal) gained by Rs 15 and Rs ten respectively on lack of offers by stockists.

Sugar in ex-mill small and medium grades (per quintal) also went up by Rs ten each owing to improved demand from local dealers, traders said.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,331/1,396, Medium grade: Rs 1,394/1,496.

Ex-mill mall grade: Rs 1,320/1,365, Medium grade: Rs 1,365/1400.


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