Sugar prices gain on lesser stock arrivals

Navi Mumbai, July 14 (UNI) After yesterday's downward trend in sugar prices, today they recovered on gains on reduced stocks supply by mills, according to traders at the sugar market today.

Prices of small and medium grades rose by Rs 15 and Rs five per quintal respectively, on lack of offer by stockists in the face of lesser stocks arrivals from co-operative mills.

Ex-mill prices of small and medium grades were recorded higher by Rs 10 and Rs 5 per quintal, respectively, in line with the open market prices.

Following were the spot sugar wholesale rates per quintal: Small grade : Rs 1,843/1,881, Medium grade : Rs 1,872/1,935.

Ex-mill small grade : Rs 1,815/1,840, Medium grade : Rs 1835/1,870 .

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