Comments
Sugar prices ruled steady on back of higher local demand and ample supplies in spot markets. Prices at the Vashi market declined by ₹15-20 a quintal on the higher side and increased by ₹10-15 on the lower side. Naka and mill tender rates were unchanged on eased demand at upper level.
Freight rates improved by ₹2-3 per bag ahead of festival.
Arrivals to the Vashi market were steady at 61-62 truck loads while local dispatches were also at 61-62 loads. On Monday evening, hardly 8-10 mills offered tenders sold about 18,000-20,000 bags at ₹3,000-50 (3,000-50) for S-grade and ₹3,060-3,150 (3,060-3,150) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,050-3,142 (3,012-3,162) and M-grade ₹3,146-3,272 (3,146-3,302). Naka delivery rates: S-grade ₹3,020-3,090 (3,020-3,090) and M-grade ₹3,120-3,200 (3,120-3,200).
Comments
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.