Sugar prices ease on larger stocks arrivals by mills

Navi Mumbai, June 28 (UNI) Spot sugar wholesale prices suffered a setback owing to increased stocks supplies by co-operative mills, traders at the sugar market said today.

Prices of small and medium grades dropped by Rs five per quintal each on lack of fresh demand in the face of larger stocks arrivals from co-operative mills.

Similarly in ex-mill prices of same varieties also eased by Rs 20 for small variety and for medium grade by Rs five per quintal in line with open market prices.

Following were the spot sugar wholesale rates per quintal: Small grade Rs 1,840/1,870, medium grade Rs 1,865/1,931.

Ex-mill small grade Rs 1,810/1830 and medium grade Rs 1,850/1,870.

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