Sugar slips again on larger stocks arrivals

Mumbai, Sep 7 (UNI) Wholesale spot sugar prices suffered a major setback on sustained heavy offers by stockists induced by larger stocks supply, traders at the Bombay Sugar Merchants'Association said today.

Sugar of small and medium grades crashed by Rs 20 each per quintal on thin bulk consumers demand.

Sugar of ex-mill small and medium grades declined by Rs10 per quintal each on sustained heayv selling pressure by millers.

Following were the spot sugar wholesale rates per quintal: Small grade: Rs 1,766/1,800, medium grade: Rs 1,791/1,850.

Ex-mill: small grade: Rs 1,740/1,755, medium grade: Rs 1,760/1,790.

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