Gur prices spurt on low cane output

Gur prices climbed by Rs 200 per quintal at the wholesale market in the national capital today following reports of low sugarcane production this year amid speculative buying.
Muzaffarnagar and Muradnagar gur markets also recorded a huge rise of Rs 250 per quintal on paucity of stocks amid robust demand.
Marketmen said speculative buying by stockists and retailers, driven by reports of lower cane-production estimate, mainly brought the sharp upsurge in gur prices.
In Delhi, gur Pedi and Dhayya prices traded higher by Rs 200 each at Rs 3,200-3,300 and Rs 3,400-3,500 per quintal.
Prices of gur Chakku and Shakkar also followed suit and gained Rs 100 each to end at Rs 3,200-3,300 and Rs 3,500-3,600 per quintal.

At Muzaffarnagar, gur Laddoo prices spurted from Rs 2,700-2,800 to conclude at Rs 2,925-3,000, showing a big rise of Rs 225 per quintal.

Gur Khurpa prices rallied by Rs 200 to finish at Rs 2,700-2,750, while Chakku advanced by Rs 100 to Rs 2,800-3,000 per quintal.
Gur Raskat prices also registered a gain of Rs 50 to Rs 2,550-2,600 per quintal on strong demand from beer makers.
Coming to Muradnagar, gur pedi prices flared up by Rs 250 to settle at Rs 2,875-2,950, while Dhayya prices hardened by Rs 200 to Rs 2,950-3,000 per quintal.
Following are today's rates (in Rs per quintal):

Gur chakku Rs 3,200-3,300, pedi Rs 3,200-3,300, dhayya Rs 3,400-3,500 and shakkar Rs 3,500-3,600.
Muzaffarnagar: Rasket Rs 2,550-2,600, chakku Rs 2,800-3,000, khurpa Rs 2,700-2,750 and Ladoo Rs 2,925-3,000.
Muradnagar: Pedi Rs 2,875-2,950 and dhayya Rs 2,950-3,000.