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Sugar prices ruled weak on the Vashi wholesale market. Prices dropped further by Rs 10-20 a quintal for the S-grade on Thursday, taking the total loss to Rs 110-130 this month. Higher selling by producers and need-based local demand, along with peak production, kept spot prices under pressure. The volume was routine.
Bombay Sugar Merchants Association’s spot rates were: S-grade Rs 2,732-2,865 (Rs 2,752-Rs 2,875), and M-grade Rs 2,822-3,011 (Rs 2,822-3,011).
Naka delivery rates were: S-grade Rs 2,670-2,750 (Rs 2,710-2,810) and M-grade Rs 2,800-2,920 (Rs 2,820-2,930). Our Correspondent
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