Comments
Prices for M-grade sugar declined by ₹12 a quintal, while they ruled steady for the S-grade on the Vashi wholesale spot market on need-based volumes. Naka and mill tender prices were unchanged except for old stocks which were sold at ₹2-5 lower. Sources said as supply from mills continues to be ample and enough stocks in the hands of trader, activities remained limited. Freight rates were steady. Arrivals were at 60-61 truckloads and local dispatches were 58-60 loads. On Wednesday, about 20-22 mills offered tenders and sold about 35,000-36,000 bags at ₹2,440-2,580 (₹2,445-2,590) for S-grade and ₹2,570-2,750 (₹2,570-2,750) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,630-2,750 (₹2,630-2,750) and M-grade ₹2,712-2,922 (₹2,720-2,922). Naka delivery rates: S-grade ₹2,565-2,665 (₹2,565-2,665) and M-grade ₹2,665-2,815 (₹2,665-2,815).
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.