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More than enough sell quota for the month of November turned sugar market bearish on Thursday. On Wednesday 18-20 mills sold 54,000-55,000 bags at ₹3,000-3,100 of S-grade and ₹3,080–3,160 of M-grade. But after announcement of quota they were quoting ₹20-30 lower. Bombay Sugar Merchants Association spot rates : S-grade ₹3,166-3,250 and M-grade ₹3,262-3,502. Naka delivery rates : S-grade ₹3,070-3,150 and M-grade ₹3,120-3,250
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