Sugar prices gain on heavy bulk consumers demand

Navi Mumbai, July 16 (UNI) Spot sugar prices today rallied again on sustained heavy speculative demand, traders at the wholesale sugar market said here today.

Sugar in small and medium grades went up by Rs 15 and Rs ten per quintal on reduced stock supply.

Sugar in ex-mill small and medium grades also edged up by Rs 25 and Rs 15 per quintal due to increase in fresh demand.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,345/1,411, Medium grade: Rs 1,400/1,526, Ex-mill small grade: Rs 1,345/1,370, Medium grade: Rs 1,390/1,480.

UNI