Sugar prices rally on fresh seasonal bulk consumers demand

Navi Mumbai, Aug 20 (UNI) Spot wholesale sugar prices rallied today on fresh seasonal bulk consumers demand, traders at the wholesale sugar market said.

Sugar in small and medium grades rose by Rs 15 each owing to lack of offers by stockists in view of lesser stocks arrivals from mills. There was some heavy demand from dealers and retailers in view of forthcoming festivals like Raksha Bandhan and Ganesh Chathurti.

Sugar in ex-mill small and medium grade also rose by Rs ten and Rs 20 respectively because of sustained heavy buying pressure by millers.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,320/1,366, Medium grade Rs 1,360/1,490.

Ex-mill small grade: Rs 1,310/1,330, Medium grade: Rs 1,345/1,475 UNI AR OBB VKG1728