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Slack demand at the mill level and an increase in reselling pressure in the market pulled down sugar prices by ₹10-20 on Friday. On Thursday evening , about 15-16 mills sold hardly 10,000-12,000 bags ₹10-20 lower, at ₹3,820-3,860 for S-grade and ₹3,880-3,950 for M-grade. On the Bombay Sugar Merchants Association, spot rates were: (in ₹) S-grade 3,956-4,021 (3,966- 4,006) and M-grade was 4,002- 4,210 (4,002–4,210). Naka delivery rates were: S-grade 3,920-3,970 (3,940-3,990) and M-grade 3,960–4,040 (3,980-4,050.
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