Sugar spurts on heavy demand

MUMBAI: Sugar prices spurted at the Vashi wholesale market here today due to heavy demand from stockist and retailers on the back of higher millers offtake.

Medium Sugar (M-30) shot up by Rs 40/10 per quintal to Rs 3,042/3,191 from Wednesday's closing level of Rs 3,002/3,181.

Small Sugar (S-30) climbed by Rs 10/11 per quintal to Rs 2,952/3,002 from Rs 2,942/2,991 yesterday.

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

Small sugar (S-30) quality: Rs 2,952/3,002 (Rs 2,942/2,991).

Medium sugar (M-30) quality: Rs 3,042/3,191 (Rs 3,002/3,181).