Trading sentiment turned highly bullish, as centre on Wednesday decided to free sugar exports by removing quantitative restrictions, triggering heavy buying activity, traders said.
Medium sugar (M-30) surged by Rs 30/39 per quintal to Rs 3,041/3,151 from its overnight closing level of Rs 3,002/ 3,121.
Small sugar (S-30) also rose by Rs 13 per quintal to Rs 2,912/2,975 as against Rs 2,912/2,962 yesterday.
The following are today's closing rates for sugar (per quintal), with the previous rates given in brackets:
Medium sugar (M-30) quality: Rs 3,041/3,151 (Rs 3,002/3,121).
Small sugar (S-30) quality: Rs 2,912/2,975 (Rs 2,912/2,962). PTI EDM RAH
YB
