Medium sugar drops on sluggish demand, ample supply

Medium sugar prices dropped at the Vashi wholesale sugar market here today due to lack of demand from stockists and bulk consumers amid adequate stock positions.
Small sugar variety witnessed a mixed pattern of trading owing to alternate bouts of buying and selling.
Medium sugar (M-30) fell by Rs 24 per quintal to Rs 3,176/3,351 from Wednesday's closing level of Rs 3,200/3,351.
Small sugar (S-30) was quoted at Rs 3,076/3,151 per quintal as compared to Rs 3,082/3,142 yesterday.
Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:
Medium sugar (M-30) quality: Rs 3,176/3,351 (Rs 3,200/3,351).

Small sugar (S-30) quality: Rs 3,076/3,151 (Rs 3,082/3,142.