Sugar prices rally on brisk festival demand

Navi Mumbai, Dec 24 (UNI) Wholesale sugar prices today rose by Rs 20 and were quoted at Rs 1,440 per quintal, on improved christams festival demand by bulk consumers and sweet makers despite lesser arrival of stocks from co-operative mills, traders at the Bombay Sugar Merchants' Association said.

Small and medium grades (per quintal) were up by Rs ten and Rs 15 respectively on lack of offers from stock holders.

In ex-mill, small and medium grades (per quintal) also gained smartly by Rs ten and Rs 20 respectively on sustained heavy buying support from big dealers.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,331/1,380, Medium grade: Rs 1,398/1,475.

Ex-mill Small grade: Rs 1,320/1,360 and Medium grade: Rs 1,375/1,440.

UNI