Agri Business

Sugar turns sweeter on export enquiries

Our Correspondent Mumbai | Updated on January 23, 2018 Published on August 11, 2015

Spot sugar prices strengthened further at the Vashi wholesale market on strong stockist demand as well as good export offtake.

Maharashtra’s mills sold the commodity sugar at ₹100-120 a quintal higher the previous day which lifted prices by ₹40-70 at Vashi markets. In line with firm mill tender rates, Naka rates also extended gain by ₹70-80. Arrivals at Vashi market improved to 61-62 truck loads while local dispatches were higher at 64-65 loads. Freight rates also ruled firm.

The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,460-2,532 (2,392-2,482) and M-grade ₹2,510-2,622 (2,470-2,582). Naka delivery rates: S-grade ₹2,500-2,550 (2,420-2,500) and M-grade ₹2,590-2,670 (2,520-2,600).

Published on August 11, 2015
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