Sugar ends higher on fresh buying, government measures
Sugar prices reversed its downtrend to recover moderately at the Vashi wholesale market here today on fresh demand from stockists and retailers amidst decision on government norms.
A day after government decision to relax over stock-holding limit on bulk sugar consumer to six-months and also considering to lift ban on sugar futures trading by next month weighed on the market sentiment.
Medium sugar quality (M-30) firmed up by Rs 20/28 per quintal to Rs 2,608/2,660 from Wednesday's closing level of Rs 2,580/2,640.
Small sugar quality (S-30) also gained by Rs 20 per quintal to Rs 2,580/2,620, as against Rs 2,560/2,600 yesterday.
Following are today's closing rates per quintal, with previous rates in brackets:
Small sugar (S-30) quality Rs 2,580/2,620 (Rs 2,560/ 2,600) and Medium sugar (M-30) quality Rs 2,608/2,660 (Rs 2,580/2,640)