Gur prices fall on increased supply, reduced offtake

Weak conditions prevailed on the wholesale Jaggery market today as gur prices fell up to Rs 300 per quintal on reduced offtake by stockists and local parties against increased supplies from producing areas.

Marketmen said increased supplies from producing areas against reduced offtake by stockists and local parties mainly pulled down gur prices. At Delhi, gur chakku and pedi fell by Rs 200 each to Rs 2,600-2,800 and Rs 2,750-2,800 per quintal, respectively on poor offtake by local parties.

Gur dhayya and shakkar followed suit and eased by Rs 200 and Rs 100 to Rs 2,800-2,900 and Rs 3,000-3,100 per quintal, respectively. At Muzzafarnagar, gur chakku weakened to Rs 2,600-2,750 against last close of Rs 2,650-2,950 and ladoo lost Rs 100 at Rs 2,600-2,650 per quintal, respectively. Pedi and dhayya in Muradnagar, also fell to Rs 2,500-2,550 and Rs 2,550-2,600 against last close of Rs 2,650-2,700 and Rs 2,700-2,750 per quintal, respectively.