Sugar eases on subdued demand

Sugar prices declined marginally at the Vashi wholesale market here today due to reduced offtake from stockists and traders amid weak retail demand.

Medium sugar quality (M-30) moved down by Rs 10 per quintal to Rs 3,001/3,071 from overnight closing level of Rs 3,011/3,081.

Small sugar quality (S-30) also fell by a similar margin to Rs 2,961/3,011 per quintal over its previous close of Rs 2,971/3,011.

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

Small sugar (S-30) quality Rs 2,961/3011 (Rs 2,971/ 3,011) and medium sugar (M-30) quality Rs 3,001/3,071 (Rs 3,011/3,081)