Sugar prices drop on selling by stockists, low demand

Prices of both varieties of sugar dropped at the Vashi wholesale market here today due to sustained selling by stockists amid lower demand and ample supply positions.

Small sugar (S-30) fell by Rs 15 per quintal to Rs 2,650/2,762 from yesterday's closing level of Rs 2,665/2,762.

Medium sugar (M-30) also dipped by Rs 20 per quintal to Rs 2,762/2,942 as against Rs 2,782/2,942 previously.

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

Small sugar (S-30) quality: Rs 2,650/2,762 (Rs 2,665/2,762).

Medium sugar (M-30) quality: Rs 2,762/2,942 (Rs 2,782/2,942.