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Sugar prices gain on improved bulk consumers demand

Written by: Staff

Navi Mumbai, Feb 23 (UNI) Sugar prices ruled better today on sustained heavy bulk consumers demand in spite of lesser stocks arrival from mills, traders at the Bombay Sugar Merchants' Association said.

The rates of small and medium grades rose by Rs 10 and Rs 15 per quintal respectively on lack of selling pressure by stockists in the face of lesser stocks supply by mills.

The rates of ex-mill, small and medium grades also were up by Rs 15 for small grade and for medium grade by Rs 20 per quintal on increased buying support by bulk consumers, traders added.

Following were the sugar spot rates per quintal: Small grade Rs 1,876/1,935, medium grade Rs 1,900/1,960.

Ex-mill small grade Rs 1,860/1,890, medium grade Rs 1,895/1,910.


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