Renewed reselling pressure at naka level on eased demand cooled down sentiments in sugar market on Thursday. At the Vashi market, prices ruled steady but naka rates were down by ₹10 a quintal.
On Wednesday, 19-20 mills sold about 58,000-60,000 bags at ₹3,120-3,240 for S-grade and ₹3,230-3,380 for M-grade. Arrivals were at 58-60 truck loads and local dispatches were at 55-56 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,272-3,382 and M-grade ₹3,372-3,602. Naka delivery rates: S-grade ₹3,245-3,300 and M- grade ₹3,310-3,500.