Sugar prices ruled steady on the Vashi wholesale market with a minor gain of ₹2-5 a quintal for fine quality on need-based routine demand amid ample supply. Naka and mill tender prices were unchanged. Prices in other producing centres ruled at a par with Maharashtra forcing local mills to keep sell tender offers open. Stockists were reluctant to have more inventory as supply is ample, said sources.
Arrivals continued at 62-63 truckloads, while local dispatches were 60-61 loads. On Monday, about 20-21 mills offered tenders and sold 58,000-60,000 bags at ₹2,600-2,700 (₹2,600-2,700) for S-grade and ₹2,710-2,850 (₹2,710-2,850) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,762-2,852 (₹2,752-2,852) and M-grade ₹2,902-3,052 (₹2,900-3,112). Naka delivery rates: S-grade ₹2,700-2,800 (₹2,700-2,800) and M-grade ₹2,800-2,900 (₹2,800-2,900).
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.