Agri Business

Removal of export duty lifts sugar

Our Correspondent Mumbai | Updated on March 20, 2018

Sugar prices at Vashi and mill level climbed up on Tuesday as government scrapped the 20 per cent export duty. At Vashi prices declined by ₹10-15 a quintal as naka rates were down ₹30. But towards the evening, prices gained. Mill tender rates were steady. Arrivals declined to 57-58 truck loads and local dispatches were at 54-55 loads. Inventory at Vashi is estimated at 115-120 truck loads. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,042-3,152 and M-grade ₹3,170-3,352. Naka delivery rates: S-grade ₹2,970-3,060 and M-grade ₹3,055-3,145.

Published on March 20, 2018

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