Sugar remains weak on subdued demand

Sugar prices fell further at the Vashi Wholesale market here today due to sluggish demand from retailers and traders amidst lower retail buying.

Small sugar quality (S-30) declined by Rs 10/31 per quintal to Rs 2,831/2,871 from overnight closing level of Rs 2,841/2,902.

Medium sugar quality (M-30) also slipped by Rs 20/21 per quintal to Rs 2,870/2,951, as against Rs 2,891/2,971 yesterday.

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

Small sugar (S-30) quality Rs 2,831/2,871 (Rs 2,841/ 2,902) and medium sugar (M-30) quality Rs 2,870/2,951 (Rs 2,891/2,971)