Sugar prices, after rising of more than Rs 130 at mill-level and Rs 100 at ready market in the last four days, ruled weak on Tuesday (21 December 2010), with a decline of Rs 10-15 on poor retail demand.

According to the Bombay Sugar Merchants Association, spot sugar rates were: S-grade Rs 2,960-3,026 (Rs 2,980-3,021) and M-grade Rs 3,021-3,091 (Rs 3,028-3,091). Naka delivery rates were: S-grade Rs 2,970-3,000 (Rs 2,975-3,010) and M-grade : Rs 3,000-3,050 (Rs 3,010-3,070).