Sugar prices dips on larger arrival of stocks

Navi Mumbai, Mar 31 (UNI) Wholesale sugar prices today suffered a setback by Rs 15 per quintal on lack of fresh demand from bulk consumers in the face of better supply of stocks in the wholesale sugar market, Bombay Sugar Merchants Association said.

Small and medium grades sugar eased by Rs 15 and Rs ten per quintal respectively on poor buying support from bulk consumers and retailers.

Similarly, ex-mill small and medium grades also dropped by Rs ten each in line with open prices, traders added.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,505/1,545, Medium grade: Rs 1,520/1,630 Ex-mill Small grade: Rs 1,490/1,510 and Medium grade: Rs 1,525/1,555.

UNI AR OBB AG1631