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Sugar prices up on rising demand

Marketmen said the pick up in demand from bulk consumers such as soft-drink and ice-cream makers and retailers amid tight supplies from mills mainly attributed the rise in sweetener prices.

August 29, 2016 / 16:45 IST
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Sugar prices went up by Rs 30 per quintal at the wholesale market in the national capital today on the back of spurt in demand from bulk consumers as well as retailers against tight supplies from mills.

Marketmen said the pick up in demand from bulk consumers such as soft-drink and ice-cream makers and retailers amid tight supplies from mills mainly attributed the rise in sweetener prices.

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Sugar ready M-30 and S-30 prices trade higher by Rs 30 each to end at Rs 3,830-3,940 and Rs 3,820-3,930 per quintal.

Similarly, mill delivery M-30 and S-30 prices rose by Rs 20 each to settle at Rs 3,540-3,630 and Rs 3,530-3,620 per quintal.