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Sugar declines on poor demand

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Press Trust of India Mumbai

Sugar prices declined modestly at the Vashi wholesale market here today due to sluggish offtake amid ample stock positions.

Medium sugar (M-30) fell by Rs 10 per quintal to Rs 2,776/2,881 from its overnight closing level of Rs 2,786/2,881. 

Small sugar (S-30) also moved down by Rs 6 per quintal to Rs 2,720/2,761 as against Rs 2,726/2,761 yesterday. 

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

Medium sugar (M-30) quality: Rs 2,776/2,881 (Rs 2,786/ 2,881)
Small sugar (S-30) quality: Rs 2,720/2,761 (Rs 2,726/ 2,761)

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First Published: May 24 2011 | 5:37 PM IST

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