September 13, 2007

W UP prices coming down....

Mill delivery sugar witnessed a fall Wednesday as government mills cut prices Rs 15-20 per quintal looking at the weak buying during the morning session here. The private mills too acted on the same lines and reduced prices in the afternoon.
Local traders said that due to its high prices, the sugar from government mills was getting less buyers despite heavy demand. This prompted the mills to reduce prices to get some business. As soon as buyers turned to government mills for buying at reduced prices, the private mills too axed prices to attract buyers.

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