Sugar prices on downward trend due to larger stock arrivals

Mumbai, Sep 8 (UNI) Wholesale spot sugar prices drifted lower 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 eased by Rs 10 each per quintal on thin bulk consumers demand.

Sugar of ex-mill small and medium grades declined by Rs 15 per quintal each on sustained heavy selling pressure by millers.

Following were the spot sugar wholesale rates per quintal: Small grade: Rs 1,761/1,800, medium grade: Rs 1,791/1,841.

Ex-mill: small grade: Rs 1,735/1,760, medium grade: Rs 1,745/1,790.

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