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This is an archive article published on January 31, 2012

Sugar spurts on renewed demand

Sugar prices spurted at Vashi wholesale market on renewed buying from stockists.

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Sugar prices spurted at the Vashi wholesale market here today on renewed buying from stockists and bulk consumers following a hike in levy prices.

The government hiked levy sugar prices by Rs 50 to Rs 1,904.82 per quintal for the current season.

Medium Sugar M-30 rose by Rs 16 per quintal to Rs 2,968/3,072 from overnight closing level of Rs 2,952/3,072. Small Sugar S-30 also went up by Rs 10 per quintal to Rs 2,892/2,952 as against Rs 2,882/2,942 yesterday.

The following are today8217;s closing rates for sugar per quintal,with the previous rates given in brackets:

Medium sugar M-30 quality: Rs 2,968/3,072 Rs 2,952/3,072.

Small sugar S-30 quality: Rs 2,892/2,952 Rs 2,882/2,942.

 

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