Comments
Sugar prices declined on continuous selling by mills at lower rates on Friday. As a result, prices at mill level declined by ₹80-100 a quintal this week which weighed on spot market where the prices dropped by ₹160-180. Today, sugar prices at the Vashi market lost ₹30-40 as local mills sold the commodity at ₹30-50 lower than previous close. Some mills offered more discount in price but no one was willing to place fresh bulk buys. On Thursday evening, Maharashtra’s 15-16 mills sold hardly 24,000-25,000 bags at ₹2,650-2,720 for S-grade and ₹2,750-2,850 for M-grade. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,812-3,045 and M-grade ₹2,920-3,206. Naka delivery rates: S-grade ₹2,800-2,900 and M-grade ₹2,900-3,000. Our Correspondent
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.