Medium sugar prices decline on weak demand

Medium sugar prices continued its downtrend at the Vashi wholesale market here today due to sustained stockist selling amid weak demand from retailers.
Meanwhile, small sugar prices maintained a steady trend in the absence of any major buying.
Medium sugar (M-30) moved down by Rs 10 per quintal to Rs 3,162/3,311 from Monday's closing level of Rs 3,172/3,311.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Small sugar (S-30) quality: Rs 3,062/3,131 (Rs 3,062/3,131).
Medium sugar (M-30) quality: Rs 3,162/3,311 (Rs 3,172/3,311).