Sugar weakens on sluggish demand

Sugar prices declined moderately at the Vashi Wholesale market here today due to subdued offtake from stockists amidst ample supply positions. 

Small sugar quality (S-30) slipped by Rs 6/10 per quintal to Rs 2,801/2,845 from Tuesday's closing level of Rs 2,811/2,851.

Medium sugar quality (M-30) also moved down by Rs 5/7 per quintal to Rs 2,846/2,916 as against Rs 2,853/2,921 yesterday.  

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

Small sugar (S-30) quality Rs 2,801/2,845 (Rs 2,811/ 2,851) and medium sugar (M-30) quality Rs 2,846/2,916 (Rs 2,853/2,921)