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Weak trend continues in sugar
The sugar market continued its weak trend on selling pressure . Prices at Vashi declined by ₹10-20 as Maharashtra’s mills sold commodity at ₹10-20 lower previous adding pressure on spot market. Naka rates were also down by ₹20. Arrivals at Vashi was about 60- 62 truck loads and local dispatches were at 59-60 truck loads. On Monday evening about 20 mills sold merely 24,000-25,000 bags at ₹2,960-3,050 for S-grade and ₹3,050-3,150 for M-grade. On Bombay Sugar Merchants Association's spot rates were:(in ₹) S-grade3,120- 3,225 and M-grade 3,186-3,402.
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