Sugar drops on reduced offtake, govt measures

The government yesterday release 2.9 lakh tonnes of more sugar after sharp rally of sweetner recently.

Small sugar (S-30) went down by Rs 50/40 per quintal to Rs 3,411/3,491 from Tuesday's closing level of Rs 3,461/3,531.

Medium sugar (M-30) also slipped by Rs 35/50 per quintal to Rs 3,486/3,571 as against Rs 3,521/3,621 previously.

The following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:

Small sugar (S-30) quality: Rs 3,411/3,491 (Rs 3,461/3,531).

Medium sugar (M-30) quality: Rs 3,486/3,571 (Rs 3,521/3,621).