Comments
Sugar prices ruled flat on Tuesday on routine demand, supply and volumes. At the Vashi wholesale market, prices showed a decline of about ₹2 a quintal. Higher selling pressure at producer level kept the activities limited at naka and mill level. Morale was weak, said sources.
Arrivals were at 35-37 and truck loads (of 10 tonnes each) and local dispatches were at 36-37 loads. Inventory at Vashi was about 80-85 loads. Freight rates were steady at ₹85-100 per bag.
On Monday evening, 18-20 mills offered tenders and sold about 38,000-40,000 bags at ₹3,160-3,250 for S-grade and ₹3,260-₹3,370 for M-grade.
The Bombay Sugar Merchants Association spot rates(₹/quintal): S-grade 3,332-3,382 and M-grade 3,400-3,602.
Naka delivery rates (₹/quintal): S-grade 3,310-3,380 and M-grade 3,410-3,480.
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.