Sugar prices further decline on lack of fresh demand

Mumbai, Feb 3 (UNI) Sugar prices further declined on lack of fresh demand, traders at the Bombay Sugar Merchants' Association said here today.

Sugar in small grade eased by Re one while medium grade slightly up by Re one per quintal respectively.

Sugar in ex-mill small and medium grades drifted lower by Rs five and Rs eight per quintal respectively on sustained heavy selling pressure.

Following were the spot wholesale rates per quintal: Small grade: Rs 1,489/1,533, Medium grade: Rs 1,524/1,635, Ex-mill: Small grade: Rs 1,470/1,500, Medium grade: Rs 1,490/1,535 UNI