Gur closes lower on sluggish demand, ample supply

NEW DELHI: The wholesale gur ( Jaggery) prices plummeted by Rs 100 per quintal in the national capital today following sluggish demand against increased supply.

Muzaffarnagar and Muradnagar gur market also closed lower in heavy supply and reduced offtake.

Marketmen said slackness in demand against the increased supply from manufacturing areas, mainly pulled down gur prices.

In Delhi, gur shakkar prices slipped by Rs 100 to settle at Rs 2900-3000 per quintal.

Pedi and dhayya prices softened from Rs.2850-2900 and Rs.2800-2900 to end at Rs.2750-2800 and Rs.2800-2900 per quintal.

At Muradnagar gur pedi and dhayya prices eased by Rs.50 each to both settle at Rs.2450-2500 per quintal.

Turning to Muradnagar, gur chakku prices fell from Rs.2425-2600 to finish at Rs.2325-2600, showing a loss of Rs.100 per quintal towards downward side.

On the other hand, gur raskat prices hardened from Rs.2250-2300 to winding up at Rs.2275-2350 per quintal.

The following are today's quotations per quintal: Gur chakku 2,750-2,800, pedi 2,750-2,800, dhayya 2,800- 2,900 and shakkar 2,900-3,000.

Muzaffarnagar: Raskat 2,275-2,350, chakku 2,325-2,600 and khurpa 2,250-2,300.

Muradnagar: Pedi 2,450-2,500 and dhayya 2,450-2,500.