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Sugar market ruled flat on back of routine demand and supply. At the Vashi market, spot and naka rates were unchanged and mills also kept prices stable to ease surplus stocks. Sources said enough supply and stocks on hand kept stockists away. Arrivals and local dispatches remained at par. Freight rates were steady. Arrivals at Vashi were 61-62 truck loads and local dispatches were at same level. The Bombay Sugar Merchants Association’s spot rates:S-grade ₹3,582-3,756 (3,582-3,762) and M-grade ₹3,656-3,882 (3,652-3,882). Naka delivery rates: S-grade ₹3,550-3,630 (3,550-3,630) and M-grade ₹3,640-3,720 (3,630-3,730).
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