Agri Business

Higher demand sweetens sugar

Our Correspondent Mumbai | Updated on January 23, 2018 Published on May 19, 2015


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).

Published on May 19, 2015
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