Sugar eases on subdued demand

Sugar prices eased further at the Vashi Wholesale market here today due to reduced offtake from stockists and retailers coupled with adequate stock positions.

Small sugar quality (S-30) slipped by Rs 5/15 per quintal to Rs 2,951/2.991 from yesterday's closing level of Rs 2,956/ 3,006.

Medium sugar quality (M-30) also fell by Rs 5/10 per quintal to Rs 2,975/3,051 as against Rs 2,980/3,061 yesterday.

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

Small sugar (S-30) quality Rs 2,951/2991 (Rs 2,956 /3,006) and medium sugar (M-30) quality Rs 2,975/3,051 (Rs 2,980/3,061)