Downtrend in sugar continues

Sugar prices continued its slide at the Vashi wholesale market here today on ample stock positions amidst poor consumer demand.

Small sugar quality (S-30) dropped by Rs 25 per quintal to Rs 2,620/2,680 from previous closing level of Rs 2,645/2,680.

Medium sugar quality (M-30) also eased by Rs 5 per quintal to Rs 2,670/2,760 as against Rs 2,675/2,765.

Following are today's closing rates per quintal, with previous rates in brackets:

Small sugar (S-30) quality Rs 2,620/2,680 (Rs 2,645/ 2,680) and Medium sugar (M-30) quality Rs 2,670/2,760 (Rs 2,675/2,765)