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Sugar prices on the Vashi wholesale market were mixed for S-grade which lost ₹14 a quintal on the lower side. On the higher side, it slid by ₹41 on Wednesday. M-grade was unchanged. Naka and mill tender prices were steady.
As of now market is witnessing ample supply on need-based demand. Upcountry or export demand is also lacking. Enough stocks in the hands of stockists kept the volumes normal.
Arrivals at Vashi market were 62-63 truckloads, while local dispatches were also at same level. On Tuesday, about 18-20 mills offered tenders and sold 48,000-50,000 bags at ₹2,670-2,770 (₹2,670-2,770) for S-grade and ₹2,770-2,900 (₹2,770-2,900) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,836-3,001 (₹2,850-2,962) and M-grade ₹2,952-3,145 (₹2,952-3,145). Naka delivery rates: S-grade ₹2,760-2,830 (₹2,760-2,830) and M-grade ₹2,910-3,000 (₹2,910-3,000).
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