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Sugar declines on weak demand

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Press Trust of India Mumbai

Sugar prices declined moderately at the Vashi Wholesale market here today due to lower offtake from retailers amidst adequate stock positions.

Medium sugar quality (M-30) slipped by Rs 10 per quintal to Rs 2,862/2,951 from Wednesday's closing level of Rs 2,872/ 2,951.

Small sugar quality (S-30) also fell by a similar margin to Rs 2,836/2,871 per quintal as compared to Rs 2,836/2,881 yesterday.

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

Small sugar (S-30) quality Rs 2,836/2,871 (Rs 2,836/ 2,881) and medium sugar (M-30) quality Rs 2,862/2,951 (Rs 2,872/2,951)

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First Published: Feb 03 2011 | 4:16 PM IST

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