Sugar prices witness divergent trend

MUMBAI: A divergent trend was witnessed at the Vashi wholesale sugar market here today with Medium sugar recovering on fresh demand from stockist and retailers while, Small sugar continuing its downtrend due to subdued offtake from bulk consumers.

Medium sugar (M-30) climbed by Rs 10 per quintal to Rs 3,202/3,401 from Tuesday's closing level of Rs 3,182/3,401.

However, Small sugar (S-30) fell by Rs 10 per quintal to Rs 3,106/3,221 as against to Rs 3,116/3,221 yesterday.

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

Medium sugar (M-30) quality: Rs 3,202/3,401 (Rs 3,182/3,401).

Small sugar (S-30) quality: Rs 3,106/3,221 (Rs 3,116/3,221.