Sugar drops on reduced demand, ample supplies
Press Trust of India Mumbai Sugar prices dropped at the Vashi wholesale market here today due to reduced demand from stockists and retailers amidst ample supplies.
Medium sugar (M-30) dipped by Rs 44 per quintal to Rs 2,602/2,812 from Wednesday's closing level of Rs 2,646/2,812.
Small sugar (S-30) declined by Rs 24/17 to Rs 2,476/ 2,625 per quintal as against Rs 2,500/2,642 yesterday.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Small sugar (S-30) quality: Rs 2,476/2,625 (Rs 2,500/2,642).
Medium sugar (M-30) quality: Rs 2,602/2,812 (Rs 2,646/2,812).