Sugar drops on sluggish demand
Sugar prices dropped at the Vashi wholesale market here today due to weak retail demand amid lack of buying interest from bulk consumers.
Small sugar quality (S-30) declined by Rs 10/29 per quintal to Rs 2,620/2,641 from Tuesday's closing level of Rs 2,630/2,670.
Medium sugar quality (M-30) also fell by Rs 10/20 per quintal to Rs 2,645/2,740, as against Rs 2,655/2,760 previously.
Following are today's closing rates per quintal, with previous rates in brackets:
Small sugar (S-30) quality Rs 2,620/2,641 (Rs 2,630/ 2,670) and Medium sugar (M-30) quality Rs 2,645/2,740 (Rs 2,655/2,760)