Medium sugar drops on stockists selling, poor demand

MUMBAI: Medium sugar prices dropped further at the Vashi wholesale market here today due to sustained unwinding from stockists and traders amid higher selling by mills.

While, small sugar variety displayed a mixed pattern of trading owing to uneven demand and supply transactions.

Medium sugar (M-30) slumped by Rs 60/30 per quintal to Rs 2,842/3,012 from Monday's closing level of Rs 2,902/3,042.

Small Sugar (S-30), however was quoted at Rs 2,762/ 2,875 per quintal as compared with Rs 2,736/2,890 previously.

Following are today's closing rates for sugar (per quintal) with the previous rates given in brackets:

Medium sugar (M-30) quality: Rs 2,842/3,012 (Rs 2,902/3,042).

Small sugar (S-30) quality: Rs 2,762/2,875 (Rs 2,736/2,890.