Sugar declines on subdued demand

Sugar prices dipped at the Vashi wholesale market here today due to reduced buying from retailers and stockists coupled with adequate stock positions. 

Small sugar (S-30) fell by Rs 14 per quintal to Rs 2,752/2,815 from its overnight closing level of Rs 2,766/2,815. 

Medium sugar (M-30) also quoted marginally lower at Rs 2,801/2,900 per quintal as compared to Rs 2,801/2,901 yesterday. 

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

Small sugar (S-30) quality Rs 2,752/2,815 (Rs 2,766/ 2,815) and  Medium sugar (M-30) quality Rs 2,801/2,900 (Rs 2,801/2,901)