Sugar market witnessed sudden spurt late last evening on reports of Centre considering buffer stock of 30 lakh tonnes to boost the margin of mills. On Thursday 20-22 mills in Maharashtra’s sold over 1.25 lakh bags ₹2,750-2,820 for S-grade and ₹2,820-2,900 for M-grade. On Bombay Sugar Merchants Association's spot rates were: S-grade ₹2,840- 2,950 and M-grade ₹2,952-3,080. Naka delivery rates were: S-grade ₹2,830– 2,900 and M-grade ₹2,900-3,000.
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.