Sugar maintains the rally on govt export consideration

Prices of both the varieties of sugar maintained its rally at the Vashi wholesale market here today on persistent demand amid government decision on barter exports.
The government's proposal to allow export of 4 million tonnes of sugar through barter trade to help mills offload surplus stock, lifted the sweetener prices, a trader said.
Small sugar (S-30) spurted by Rs 90/90 per quintal to Rs 2,392/2,482 from last Saturday's closing level of Rs 2,302/2,392.
Medium sugar (M-30) also sho-up by Rs 80/50 per quintal to Rs 2,470/2,582 as compared to Rs 2,390/2,532.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:

Small sugar (S-30) quality: Rs 2,392/2,482 (Rs 2,302/2,392).
Medium sugar (M-30) quality: Rs 2,470/2,582 (Rs 2,390/2,532).