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Small sugar slumps on low demand, ample supply

Statesman News Service |

Small sugar prices slumped at the Vashi wholesale market here on Friday due to subdued demand from stockists and bulk consumers amid ample supply positions.

While, medium sugar recovered moderately following good offtake from stockists and retailers.

Small sugar (S-30) dropped by Rs.61 per quintal to Rs.3,620/3,680 from Thursday’s closing level of Rs.3,620/ 3,741.

However, medium sugar (M-30) gained by Rs.8/10 per quintal to Rs.3,720/3,852 as against Rs.3,712/3,842 on Thursday.

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

Small sugar (S-30) quality: Rs.3,620/3,680 (Rs 3,620/3741).

Medium sugar (M-30) quality: Rs.3,720/3,852 (Rs.3,712/3,842).