Sugar prices surge on rising demand

Prices of both the varieties of sugar rallied at the Vashi wholesale market here Tuesday due to persistent demand from stockists and retailers.

Small sugar (S-30) prices climbed by Rs 30/22 per quintal to Rs 3,132/3,222 from Monday's closing level of Rs 3,102/3,202.

Medium sugar (M-30) prices rose by Rs 16 per quintal to Rs 3,212/3,422 as against Rs 3,212/3,406 previously.

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

Small sugar (S-30) quality: Rs 3,132/3,222 (Rs 3,102/3,202).

Medium sugar (M-30) quality: Rs 3,212/3,422 (Rs 3,212/3,406).