Sugar prices dip on larger stock arrivals

Navi Mumbai, Oct 18 (UNI) Wholesale sugar prices today drifted lower on increase in offers by stockists in view of larger stock arrivals from co-operative mills, traders at the Bombay Sugar merchants Association said.

Prices of small and medium grades (per quintal) were down by Rs 15 each on lack of fresh seasonal bulk consumers demand.

Sugar in ex-mill small and medium grades (per quintal) also eased by Rs 10 and Rs 15 respectively owing to thin buying support from local dealers, traders said.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,371/1,406, Medium grade: Rs 1,413/1,506.

Ex-mill small grade: Rs 1,350/1,395, Medium grade: Rs 1,400/1450.

UNI