Sugar and oilcake prices rise sharply

03 Feb, 2005

Rising demand for sugar, pushed the prices sharply up on the grain market on Wednesday, dealers said. On the cereals side, sugar prices went up by Rs 105-110 to Rs 2540 and Rs 2580, respectively. Gur prices followed suit and picked up Rs 50 for both types to Rs 2000-2350 on tight supply position, brokers said. Khandsari also picked up the same amount to Rs 2000-2400.
Same trend was witnessed on the seed side as cottonseeds oilcake with bag gained rupee three to Rs 410-415 in the process of trading, dealers said. Other commodities maintained their overnight levels on balanced demand and supply factor, they added.

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