Gains in Medium Grade Sugar

A divergent trend continued to prevail on the Navi Mumbai wholesale sugar market here on Wednesday.

Small grade sugar suffered a setback on increased offerings. On the other hand, medium grade sugar improved following hectic buying amid normal supply.

Small grade sugar ( S-30) declined to Rs.1,505/1,555 a quintal against its previous level of Rs.1,515/1,565. Medium grade (M-30) firmed up to Rs.1,535/1,610 a quintal, showing an increase of Rs. 15 over the previous level of Rs. 1,540/1595.

Sugar prices for check post deliveries showed a mixed tendency. Small grade sugar eased to Rs. 1,493/1,510 a quintal while medium grade rose by Rs.15 to Rs.1,512/1,555 a quintal on encouraging enquiries from outstation buyers.

Market Update (Sugarcane)