Besides sluggish demand, adequate stocks position as well as expectations of higher output put pressure on sugar prices.
Small sugar (S-30) drifted by Rs 30/20 to end at Rs 2,512/2,642 per quintal from last Saturday's closing level of Rs 2,542/2,662.
Medium sugar (M-30) also declined by Rs 18/10 to settle at Rs 2,612/2,842 as against Rs 2,630/2,852 previously.
The sugar market was closed yesterday.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Medium sugar (M-30) quality: Rs 2,612/2,842 (Rs 2,630/2,852).
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