Sugar prices decline on larger stocks arrivals

Navi Mumbai, June 24 (UNI) Sugar prices declined further on larger stocks arrival by mills, traders at the sugar market said today.

Sugar rates in ex-mill small and medium grades drifted lower by Rs five and Rs ten per quintal respectively on increase of stock supply and poor demand by bulk consumers.

Sugar rates in small grade remained steady on moderate demand while medium grade went up by Rs ten per quintal on reduced stock supply.

Following were the sugar spot rates per quintal: Small grade Rs 1,830/1,870, medium grade Rs 1,865/1,920.

Ex-mill small grade Rs 1,800/1830 and medium grade Rs 1,835/1,860.

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