Sugar prices spurt on festive offtake

Sugar prices spurted at the Vashi wholesale market here today on heavy demand from stockists and retailers against the backdrop of the ongoing festive season.

Medium sugar (M-30) shot up by Rs 60/100 per quintal to Rs 2,540/2,682 from last Friday's level of Rs 2,480/2,582.

Small sugar (S-30) also climbed Rs 40/81 per quintal to Rs 2,460/2,601 compared with Rs 2,420/2,520 previously.

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

Small sugar (S-30) quality: Rs 2,460/2,601 (Rs 2,420/2,520).

Medium sugar (M-30) quality: Rs 2,540/2,682 (Rs 2,480/2,582).