Sugar strengthens on rising demand

The uptrend in sugar remained unabated as prices rose further at the Vashi Wholesale market here today on continued buying from stockists and traders amidst robust consumer demand.  

Medium sugar quality (M-30) rose by Rs 11/46 per quintal to Rs 2,931/3,011 from overnight closing level of Rs 2,885/ 3,000.

Small sugar quality (S-30) also firmed up by Rs 15/20 per quintal to Rs 2,876/2,931, as against Rs 2,861/2,911 yesterday.

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

Small sugar (S-30) quality Rs 2,876/2,931 (Rs 2,861/ 2,911) and medium sugar (M-30) quality Rs 2,931/3,011 (Rs 2,885/3,000)