Sugar prices rally on festival demand

Monday, September 3, 2007, 19:04 [IST]

Navi Mumbai, Sep 3 (UNI) Prices of sugar today rallied on fresh seasonal bulk consumers demand in the face of lesser stocks, traders at the wholesale sugar market said.

Sugar in small and medium grades (per quintal) rose by Rs ten and Rs 20 respectively on heavy festival demand by bulk consumers and retailers.

Ex-mill small and medium grades (per quintal) also went up by Rs 15 and Rs ten owing to increased buying support by millers in the face of reduced stock supply.

Following are the spot wholesale rates per quintal: Small grade: Rs 1,310/1,376, Medium grade: Rs 1,365/1,486.

Ex-mill small grade: Rs 1,305/1,330, Medium grade: Rs 1,345/1,390.

UNI

Topics: MARKETS-SUGAR-INTRO

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