Sugar surges on government push on barter exports

Both the varieties of sugar prices surged at the Vashi wholesale market here today on good demand support by government push on barter exports.
The reports of Prime Minister endorsing to explore possibility of increasing sugar exports by looking at various options including the barter trade of the sweetener against import of farm items lifted the sugar prices, a trader said.
Apart from exports, the sugar ministry is also considering raising cess on sugar sale from existing 24 paise per kg to shore up falling domestic prices.
Small sugar (S-30) climbed by Rs 26/30 per quintal to Rs 2,202/2,320 from Wednesday's closing level of Rs 2,176/2,252.

Medium sugar (M-30) also rose by Rs 50/30 per quintal to Rs 2,302/2,462 as compared to Rs 2,252/2,392.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Small sugar (S-30) quality: Rs 2,202/2,320 (Rs 2,176/2,252).
Medium sugar (M-30) quality: Rs 2,302/2,462 (Rs 2,252/2,392).