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Sugar market ruled weak on Monday on higher selling pressure amid need base local retail and bulk demand. On Saturday about 17 mills sold 44,000-45,000 bags at ₹3,730-3,770for S-grade and ₹3,770-3,860 for M-grade. On Bombay Sugar Merchants Association's spot rates were:(in ₹) S-grade 3,862-3,932 (3,866-3,936) and M-grade 3,902-4,082 (3,910-4,092). Naka delivery rates were:(in ₹) S-grade 3,830-3,900 (3,840-3,900) and M-grade 3,880-3,940 (3,870-3,990).
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