Prices of sugar sold by mills through tenders dropped by ₹500 a quintal on Saturday, but retail rates hit another high of ₹60.26 a kg.
According to trade sources, Solapur-based Loknete Baburao Patil Agro Industries Ltd in Maharashtra sold S-30-grade sugar at ₹5,850 per quintal. “The company sold 70 tonnes. Apart from this, whoever wanted to buy, the mill offered it at the same rate,” said a trading source.
In another tender, prices for S-30 dropped to ₹6,100 a quintal from ₹6,600 on Friday, while rates for M-30 grade slipped to ₹6,225 from ₹6,725.
