Small sugar weakens on poor demand

Small sugar prices weakened at the Vashi Wholesale market here today due to lack of demand from stockists coupled with lower retail offtake.

Meanwhile, medium sugar variety ended stable in the absence of worthwhile buying. 

Small sugar quality (S-30) moved down by Rs 10 per quintal to Rs 2,821/2,871 from Tuesday's closing level of Rs 2,831/2,881. 

Medium sugar quality (M-30), however closed unchanged at Rs 2,871/2,931 per quintal.

The following are today's closing rates per quintal, with the previous rates in brackets:

Small sugar (S-30) quality Rs 2,821/2,871 (Rs 2,831/ 2,881) and medium sugar (M-30) quality Rs 2,871/2,931 (Rs 2,871/2,931)