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Sugar prices at the Vashi wholesale market witnessed a dip in prices on slack demand.
Prices declined by ₹6-12 a quintal in line with quality. Naka and mill tender rates were almost stable.
Arrivals were at 54-55 truck loads and local dispatches were at 57-58 loads. On Tuesday evening, 22-24 mills offered tenders and sold about 44,000-45,000 bags at ₹3,100-3,140 (3,100-3,130) for S-grade and ₹3,130-3,150 (3,120-3,150) for M-grade. The Bombay Sugar Merchants Association spot rates: S-grade ₹3,186-3,230 (3,202-3,242) and M-grade ₹3,252-3,346 (3,252-3,352). Naka delivery rates: S-grade ₹3,160-3,170 (3,150-3,200) and M-grade ₹3,200-3,225 (3,200-3,225).
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