Sugar prices up on increase of demand

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Navi Mumbai, Jan 24 (UNI) Sugar prices went up due to increased demand in the wholesale spot sugar market today, traders at the Bombay Sugar Merchants' Association said.

Sugar prices in small and medium grade increased by Rs 10 per quintal each on reduced stock supply.

Sugar prices in ex-mill small grade remained steady on moderate demand, while medium grade inched up by Rs 5 per quintal amid fresh buying support, traders added.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,420/1,481, Medium grade: Rs 1,466/1,550.

Ex-mill Small grade: Rs 1,400/1,450 and Medium grade: Rs 1,455/1,535.


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