Sugar prices drifted up to Rs 80 per quintal in the wholesale sugar market today on reduced offtake by bulk consumers and retailers.
Ample stocks in the market also led to a fall in the sweetener prices.
Marketmen said reduced offtake by bulk-consumers and retailers against adequate stocks positions mainly put pressure on the sugar prices.
Sugar mill delivery medium and second grade eased to Rs 2,550-2,670 and Rs 2,540-2,660, against last close of Rs 2,620-2,690 per quintal, respectively.
However, sugar ready medium and second grade prices held steady at Rs 2,750-2,850 and Rs 2,740-2,840 per quintal.
Following are today's rates in Rs per quintal:
Sugar ready M-30 2,750-2,850 and S-30 2,740-2,840
Mill delivery M-30 2,550-2,670 and S-30 2,540-2660
Sugar mill gate prices (excluding duty): Kinonni 2,700, Asmoli 2,690, Mawana 2,630, Titabi 2,640, Thanabhavan 2,620, Budhana 2,620 and Dorala 2,625