Sugar prices slip further on larger stocks arrivals

Navi Mumbai, July 13 (UNI) Spot sugar prices drifted lower further on increased stocks supply by mills,traders at the sugar market said today.

Prices of small and medium grades eased again by Rs five each per quintal on lack of fresh buying support by bulk consumers in the face of larger stocks arrivals by co-operative millls.

Ex-mill prices of small and medium grades was lower by Rs 10 and Rs 15 per quintal, respectively, on sustained heavy selling pressure.

Following were the spot sugar wholesale rates per quintal: Small grade Rs 1,825/1,870, medium grade Rs 1,875/1,950.

Ex-mill small grade Rs 1,815/1,840, medium grade Rs 1825/1,870.

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