Sugar declines on subdued demand

Sugar prices declined at the Vashi wholesale market here today on sluggish demand from stockists and retailers amid higher supplies from the mills.

Medium sugar quality (M-30) dipped by Rs 30 per quintal to Rs 2,650/2,750 from last Saturday's closing level of Rs 2,680/2,750.

Small sugar quality (S-30) also fell by Rs 20 per quintal to Rs 2,600/2,660 as against Rs 2,620/2,680 previously.

Following are today's closing rates per quintal, with previous rates in brackets:

Small sugar (S-30) quality Rs 2,600/2,660 (Rs 2,620/ 2,680) and Medium sugar (M-30) quality Rs 2,650/2,750 (Rs 2,680/2,750)