Small sugar eases on poor demand, good supply

Small sugar prices moved down further at the Vashi wholesale market here today due to reduced offtake from stockists coupled with lack of enquiries from upcountry buyers on the back of adequate stock positions.

While, medium variety held steady in the absence of necessary buying activity.

Small Sugar (S-30) fell by Rs 20/10 per quintal to Rs 2,732/2,865 as against Rs 2,752/2,875 previously.

Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:

Small sugar (S-30) quality: Rs 2,732/2,865 (Rs 2,752/2,875.

Medium sugar (M-30) quality: Rs 2,822/3,011 (Rs 2,822/3,011).