Sugar drops on weak demand, ample supply

Sugar prices dropped at the Vashi wholesale sugar market here today due to lack of demand from stockists and bulk consumers amid poor enquiries from upcountry buyers.
Medium sugar (M-30) declined by Rs 18 per quintal to Rs 3,182/3,401 from Monday's closing level of Rs 3,200/3,401.
Small sugar (S-30) eased by Rs 6 per quintal to Rs 3,116/3,221, as compared to Rs 3,122/3,221 previously.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Medium sugar (M-30) quality: Rs 3,182/3,401 (Rs 3,200/3,401).
Small sugar (S-30) quality: Rs 3,116/3,221 (Rs 3,122/3,221.