Sugar prices gain on lesser arrival of stocks

Navi Mumbai, Dec 4 (UNI) Wholesale spot sugar prices rallied for the second consecutive day today on brisk demand, traders at the Bombay Sugar Merchant's Association said.

Prices of small and medium grades (per quintal) advanced again by Rs five and Rs ten respectively, due to lesser stock supply.

Ex-mill small and medium grades (per quintal) also gained by Rs 15 and Rs ten respectively owing to improved demand from bulk consumers.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,336/1,400, Medium grade: Rs 1,385/1,475.

Ex-mill Small grade: Rs 1,310/1,360 and Medium grade: Rs 1,365/1,430.

UNI