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Sugar prices on the Vashi market witnessed an increase for fine varietyon the back of higher demand. Spot rates were higher by ₹20-30 a quintal while naka prices too went up by ₹25-50. However, mill tender prices remained unchanged.
There are enough stocks with stockists and retail traders hence activities are limited. Freight rates were steady.
Arrivals were at 60-61 truck loads and local dispatches were 58-60 loads. On Monday, 14-15 mills offered tenders and sold about 40,000-44,000 bags at ₹2,320-2,420 (2,320-2,420) for S-grade and ₹2,430-2,550 (2,430-2,550) for M-grade. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,482-2,612 (2,452-2,592) and M-grade ₹2,606-2,772 (2,620-2,772). Naka delivery rates: S-grade ₹2,420-2,520 (2,420-70) and M-grade ₹2,530-2,650 (2,505-2,600).
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