Sugar prices crash on large arrival of stocks

Navi Mumbai, Nov 13 (UNI) Wholesale sugar prices today crashed by Rs 20 on heavy offers by stockists in view of larger arrival of stocks from co-operative mills, traders at the Bombay Sugar Merchants' Association said.

Prices of small grade and medium grades were down by Rs 20 and Rs 10 (per quintal) respectively on thin bulk consumers demand, induced by larger arrival of stocks.

Sugar in ex-mill small and medium grades (per quintal) also eased by Rs 10 each due to poor demand from local dealers, traders said.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,331/1,405, Medium grade: Rs 1,385/1,500.

Ex-mill mall grade: Rs 1,321/1,380, Medium grade: Rs 1,367/1,465.

UNI