Agri Business

Bearish trend in sugar

Our Correspondent Mumbai | Updated on January 23, 2018 Published on January 23, 2018

Sugar market continued to be in bear grip on weak mill tender rates amid slack demand. At the Vashi wholesale market, prices were down by ₹10-30 a quintal as Maharashtra’s mills sold the sweetener for ₹10-20 lower. Naka rates were steady. Arrivals were at 59-60 truck loads and local dispatches were at 57-58 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,050-3,136 and M-grade ₹3,142-3,370. Naka delivery rates: S-grade ₹3,020-3,250 and M-grade ₹3,080-3,350.

Published on January 23, 2018
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