Sugar continues to dip on subdued demand, higher supply

The downtrend in sugar remained unabated, as prices dropped further at the Vashi wholesale market here today due to sluggish demand from stockists and bulk consumers.

Small sugar quality (S-30) declined by Rs 30 per quintal to Rs 2,550/2,610 from Thursday's closing level of Rs 2,580/2,640.

Medium sugar quality (M-30) also fell by Rs 10/30 per quintal to Rs 2,610/2,680 against Rs 2,620/2,710 yesterday.

Following are today's closing rates per quintal, with previous rates in brackets:
Small sugar (S-30) quality Rs 2,550/2,610 (Rs 2,580/ 2,640) and Medium sugar (M-30) quality Rs 2,610/2,680 (Rs 2,620/2,710)