Sugar recovers on fresh demand

Sugar prices recovered moderately at the Vashi Wholesale market here today on fresh demand from stockists and bulk traders amidst good retail buying.

Small sugar quality (S-30) rose by Rs 20/30 per quintal to Rs 2,900/2,941 from Wednesday's closing level of Rs 2,870/ 2,921. 

Medium sugar quality (M-30) also went up by Rs 25/30 per quintal to Rs 2,931/3,001, as against Rs 2,906/2,971 yesterday.

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

Small sugar (S-30) quality Rs 2,900/2,941 (Rs 2,870/ 2,921) and medium sugar (M-30) quality Rs 2,931/3,001 (Rs 2,906/2,971)