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Sugar declines on subdued demand

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Press Trust of India Mumbai

Sugar prices declined at the Vashi wholesale market here today due to subdued demand from stockists against increased supplies from the mills.

Medium sugar quality (M-30) dropped by Rs 30/40 per quintal to Rs 2,850/2,940 from yesterday's closing levels of Rs 2,890/2,970.

Small sugar quality (S-30) also fell by Rs 20/35 per quintal to Rs 2,825/2,880 as against Rs 2,860/2,900 previously.

The following are today's closing rates per quintal, with previous rates in brackets.

Small sugar (S-30) quality Rs 2825/2880 (Rs 2860/2900) and medium sugar (M-30) quality Rs 2850/2940 (Rs 2890/2970).

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First Published: May 18 2010 | 4:13 PM IST

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