Sugar price slips on larger stock arrival from mills

Navi Mumbai, July 20 (UNI) Spot wholesale sugar prices suffered a modest setback on sustained heavy offers by stockits in view of larger stocks arrivals from Maharashtra Co-operative mills, according to traders at the sugar market today.

Prices of small and medium grades eased by Rs five per quintal each on lack of fresh demand by bulk consumers in the face of increased ready stocks at the domestic markets.

Ex-mill prices of small and medium grades also came down by Rs 10 and Rs 15 per quintal, respectively, in line with open market prices.

Following were the spot sugar wholesale rates per quintal: Small grade : Rs 1,845/1,880, Medium grade : Rs 1,875/1,941.

Ex-mill: small grade : Rs 1,825/1,850, Medium grade : Rs 1845/1,875.

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