Sugar prices dip on thin bulk consumers demand

Navi Mumbai, Nov 22 (UNI) Wholesale spot sugar prices today eased by Rs ten on increased 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 up again by Rs ten and Rs five per quintal respectively on lack of fresh demand at the prevailing higher levels by bulk consumers because of better ready stocks in the domestic markets.

Sugar in ex-mill small and medium grades also dropped by Rs 15 per quintal each due to sluggish demand by big dealers, traders added.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,329/1,386, Medium grade: Rs 1,360/1,485.

Ex-mill Small grade: Rs 1,310/1,330, Medium grade: Rs 1,345/1,390.

UNI