Bearish cues dissolve sugar

Our Correspondent Mumbai | Updated on January 20, 2018 Published on April 25, 2016

Sugar prices in spot and futures extended further loss by over ₹20 a quintal tracking weak physical demand and selling pressure in resale trade. Naka rates were also steady.

Stockists stayed away from fresh bulk bets and tried to ease their inventory. Freight rates were steady. Sources said arrivals to the Vashi market declined to 50-52 truck loads and local dispatches were at about 57-58 loads.

The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,600-92 and M-grade ₹3,622-3,602. Naka delivery rates: S-grade ₹3,580-3,630 and M-grade ₹3,620-3,780.

Published on April 25, 2016
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