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Sugar prices ruled mixed on Wednesday. At the lower end, it declined by ₹10-16 a quintal and at the higher end it increased by ₹14-17 on the Vashi wholesale market. Producers sold old stock at lower prices and fine variety new stocks at a small premium. Naka and mill tender rates were steady. The volume remained slightly higher as stockists continued covering their needs before the monsoon sets in.
Arrivals at Vashi market declined to 60-61 truckloads and local offtake was 59-60 loads. On Tuesday evening, 17-18 mills offered tenders and sold 65,000 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 (per quintal): S-grade ₹3,022-3,172 (₹3,032-3,155) and M-grade was ₹3,156-3,325 (₹3,172-3,311). Naka delivery rates: S-grade ₹3,000-3,100 (₹3,000-3,100) and M-grade ₹3,100-3,230 (₹3,100-3,230).
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