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Bombay sugar prices eases

BOMBAY: Bombay sugar prices suffered a modest setback at improved level on Wednesday as fresh consumer demand turned sluggish and on profit-taking, dealers said.

Ready delivery prices fell 5/10 rupees to 1,290/1,315 rupees per quintal for the S-30 variety and to 1,315/1,340 rupees for the M-30 variety.

Arrivals were restricted due to scattered mill offerings.

"Sugar mill delivery climbed up by 5/8 rupees at 1,238/1,245 rupees per quintal on increased demand from the neighbouring states at the mill level," he said.-Reuter