Sugar prices rose upto Rs 50 per quintal in the national capital today on increased buying by retailers and bulk consumers for the ensuing festival season.
Marketmen said increased buying by bulk consumers and retailers ahead of festival season and a hike in sugar prices by millers in Maharashtra and other states mainly pushed up wholesale sugar prices.
Besides, firming trend at upcountry markets and increased offtake by soft drinks and ice-cream makers also boosted the sentiment, they said.
Sugar ready medium and second grade prices rose by Rs 50 each to Rs 2,900-2,950 and Rs 2,890-2,940 per quintal on increased offtake.
However, mill delivery medium and second grade prices held steady at Rs 2,750-2,850 and Rs 2,740-2,840 per quintal.
