Sugar prices rally on lesser stocks arrival from mills

Navi Mumbai, Oct 5 (UNI) Sugar prices today recovered by Rs ten per quintal on lack of offers from stockists and less stock arrivals from mills, traders in the wholesale sugar market said.

Prices of small and medium grades (per quintal) gained by Rs 10 and Rs five respectively on increased bulk consumers and retailer consumers demand in the face of reduced stock arrivals from co-operative mills.

Sugar in ex-mill small and medium grades (per quintal) also hiked by Rs 25 and Rs ten respectively on sustained heavy buying support from dealers.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,350/1,396, Medium grade: Rs 1,390/1,495.

Ex-mill small grade: Rs 1,350/1,370, Medium grade: Rs 1,380/1420.

UNI