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Spot sugar prices ruled steady on Wednesday. Naka and mill tender rates were unchanged. Spot rates at Vashi market declined by ₹10 a quintal at the lower side and increased by ₹10 at the higher side for S-grade. M-grade was steady. With routine local demand and enough supply sentiments remained calm and steady. Arrivals declined to 61-62 truck loads and local dispatches were 59-60 loads. On Tuesday 14-15 mills offered tenders and sold about 38,000-40,000 bags at ₹2,410-2,520 (2,400-2,520) for S-grade and ₹2,500-2,600 (2,500-2,600) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,512-2,651 (2,522-2,642) and M-grade ₹2,620-2,742 (2,620-2,742). Naka delivery rates: S-grade ₹2,480-2,590 (2,480-2,590) and M-grade ₹2,580-2,720 (2,580-2,720).
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