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)
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