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Sugar prices continued to slide for tenth consecutive day as producers kept on selling at lower rates to ease stocks. Mills sold the commodity at a ₹20-40 a quintal discount which pulled down the prices by ₹20-25. Naka rates were steady at lower level. Vashi market currently carries about 110-115 truck loads keeping stockists at bay.
Arrivals at Vashi market remained stable at 57-58 truck loads and local dispatches were about 56-57 loads. On Tuesday evening, about 18-20 mills offered tenders and sold about 44,000-45,000 bags at ₹2,105-2,250 (2,125-2,290) for S-grade and ₹2,225-2,380 (2,225-2,420) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,246-2,471 (2,252-2,491) and M-grade ₹2,380-2,652 (2,402-2,652). Naka delivery rates: S-grade ₹2,210-2,280 (2,210-2,280) and M-grade ₹2,350-2,550 (2,410-2,550).
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