Comments
Sugar prices improved by ₹10-15 a quintal on Thursday on the Vashi wholesale spot market on higher demand for fine quality. Naka rates were up by ₹20-30 a quintal for the same reason. Mill tender prices ruled unchanged as producers continued selling at current level.
A Vashi-based wholesaler said that high demand from stockists for fine/bold variety lifted prices by ₹10-15 in the spot and naka trade, while continuous selling by mills kept tender rates unchanged.
Maharashtra’s producers sold about 60,000 bags on Tuesday evening. Upcountry buying is missing here since long forcing producers to sell on local markets. On the export front also, chances are very bleak. Arrivals in the Vashi market were about 60-62 truckloads and local offtake was 58-60 loads. On Wednesday evening, 17-18 mills sold about 58,000-60,000 bags at ₹2,900-3,000 (₹2,900-3,000) for S-grade and ₹3,000-3,150 (₹3,000-3,150) for M-grade.
Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,003-3,152 (₹3,003-3,136) and M-grade ₹3,142-3,292 (₹3,142-3,292). Naka delivery rates: S-grade ₹2,970-3,050 (₹2,970-3,020) and M-grade ₹3,070-3,190 (₹3,070-3,170).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.