Sugar maintains downward trend on poor offtake

Prices of both the varieties of sugar maintained a downward trend at the Vashi wholesale market here today due to poor offtake from stockists and bulk consumers on the back of ample supply.

Small sugar (S-30) fell by Rs 24/21 per quintal to Rs 2,732/2,925 from Thursday's closing level of Rs 2,756/2,946.

Medium sugar (M-30) also dipped to Rs 2,816/3,162 as against Rs 2,840/3,166.

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

Small sugar (S-30) quality: Rs 2,732/2,925 (Rs 2,756/2,946).

Medium sugar (M-30) quality: Rs 2,816/3,162 (Rs 2,840/3,166).