Sugar prices rally on paucity of ready stocks
Navi Mumbai, June 25 (UNI) Sugar prices today rallied by Rs ten to Rs 1510 per quintal on fresh heavy buying support from bulk consumers and retailers in the face of lesser stocks arrivals from co-operative mills, traders at the Bombay Sugar Merchants Association said.
Small and medium grades rose by Rs ten each per quintal on lack of offers from stockists in view of reduced inflows from mills, traders said.
In ex-mill, both small and medium grades, however, remained unchanged on moderate demand from stockists, traders added.
Following are the spot wholesale rates of sugar per quintal: Small grade: Rs 1,450/1,510, Medium grade: Rs 1,488/1,575.
Ex-mill small grade: Rs 1,440/1,470 and medium grade: Rs 1,475/1,525.
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