Sugar prices declined by Rs 25 per quintal in the wholesale sugar market today on reduced offtake at existing higher levels against increased arrival from mills.
Marketmen said reduced offtake by stockists and retailers at prevailing levels amid increased arrivals from mills mainly led to a fall in wholesale sugar prices.
Sugar ready medium and second grade prices declined by Rs 25 each to Rs 2,875-2,925 and Rs 2,865-2,915 per quintal.
Mill delivery medium and second grades also traded lower by the same margin at Rs 2,725-2,825 and Rs 2,715-2,815 per quintal.
Following are today's rates in Rs per quintal:
Sugar ready M-30 2,875-2,925 and S-30 2,865-2,915
Mill delivery M-30 2,725-2,825 and S-30 2,715-2,815
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Sugar mill gate prices (excluding duty): Kinonni 2,830, Asmoli 2,820, Mawana 2,775, Titabi 2,770, Thanabhavan 2,760, Budhana 2,750 and Dorala 2,760