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Gur declines on heavy stocks, weak demand

Press Trust of India  |  New Delhi 

Gur prices slumped by Rs 100 per quintal at the wholesale gur (jaggery) market in the national capital today following muted demand amid mounting of stocks.

Gur prices in Muzaffarnagar market also dropped by Rs 75 per quintal on weak demand.

Marketmen said, mounting stocks on sustained arrivals from manufacturing belts, triggered by the waning of demand due to end of winter season demand, mainly pulled down the gur prices.

In Delhi, gur Chakku and Pedi prices fell by Rs 100 each to settle at Rs 3,100-3,200 and Rs 3,000-3,100 per quintal.

Gur Dhayya and Shakkar prices also with resistance and fell by a similar margin to finish at Rs 3,200-3,300 and Rs 3,400-3,500 per quintal.

At Muzaffarnagar, gur Chaku prices declined from Rs 2,825-2,975 to end at Rs 2,775-2,900, while Khurpa prices traded lower at Rs 2,500-2,550 instead of Rs 2,575-2,625 per quintal.

Gur Laddoo prices also fell by Rs 50 to close at Rs 2,700-2,800 per quintal.

Following are today's rates (in Rs per quintal):

Gur chakku Rs 3,100-3,200, pedi Rs 3,000-3,100, dhayya Rs 3,200-3,300 and shakkar Rs 3,400-3,500.

Muzaffarnagar: Rasket Rs 2,500-2,550, chakku Rs 2,775-2,900, khurpa Rs 2,500-2,550 and Ladoo Rs 2,700-2,800.

Muradnagar: Pedi Rs 2,650-2,700 and dhayya Rs 2,750-2,800.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 14:42 IST