Sugar prices drop on larger stocks arrival from mills

Navi Mumbai, Aug 8 (UNI) Wholesale sugar prices today drifted lower on lack of bulk consumers demand in the face of larger stocks arrival from mills, traders at the wholesale sugar market said.

Prices of small and medium grades eased by Rs 15 and Rs five per quintal respectively on increased offers by stockists in view of better inflows from co-operative mills, traders added.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,305/1,366, Medium grade Rs 1,350/1,461.

Ex-mill small grade: Rs 1,275/1,310, Medium grade: Rs1,325/1,405 UNI AR SSS AG2006