Sugar ends flat in thin trade

Posted By: Religare
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Sugar ends flat in thin trade
On May 14, 2011, the prices of wholesale sugar carried on to be asked at the last levels as a result of the lack of worthwhile activity in the midst of the sufficient stocks holdings.

The quotation in Rs per quintal are sugar ready M-30 stood at Rs 2,940-3,020 and S-30 stood at Rs 2,910-3,010 whereas Mill delivery M-30 stood at Rs 2,730-2,915 and S-30 stood at Rs 2,700-2,900.

Moreover, the sugar mill gate prices (excluding duty) are Kinonni which stood at Rs 2,900, Asmoli at Rs 2,890, Mawana at Rs 2,850, Titabi at Rs 2,840, Thanabhavan at Rs 2,750, Budhana at Rs 2740 and Dorala stood at Rs 2,840.

The lack of demand from the bulk consumers against the ample stocks holdings in the market also influenced the prices of the sweetener.

Read more about: sugar, commodities, investment
Story first published: Monday, May 16, 2011, 12:30 [IST]
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