Sugar declines on sluggish demand
Sugar prices declined modestly at the Vashi Wholesale market here today due to reduced offtake from stockists and retailers amidst adequate supply positions.
Medium sugar (M-30) dipped by Rs 10 per quintal to Rs 2,801/2,901 from its overnight closing level of Rs 2,801/2,911.
Small sugar (S-30) also fell by Rs 4/10 per quintal to Rs 2,756/2,781 as against Rs 2,760/2,791 yesterday.
The following are today's closing rates per quintal, with the previous rates in brackets:
Medium sugar (M-30) quality Rs 2,801/2,901 (Rs 2,801/2,911) and Small sugar (S-30) quality Rs 2,756/2,781 (Rs 2,760/2,791)