Dealers at the Bombay Sugar Merchant's Association (BSMA) stated that the price of sugar dropped today on lower demand from stockists,.

Small and medium grade sugar fell Rs 35 and Rs 15 per quintal respectively on continues selling activity from local traders.

In ex-mill, small and medium grade sugar also declined by Rs 10 and Rs 40 per quintal respectively due to lack of new demand from industrial users, BSMA traders added.

Below were the spot wholesale rates of sugar per quintal in Rupees.

Small grade: Rs 2,700/2,790, Medium grade: 2,770/2,840.

Ex-mill small grade: Rs 2,640/2,660 and medium grade: Rs 2,700/2,720. (With Inputs from Agencies)