Demand sweetens sugar

Our Correspondent Mumbai | Updated on June 30, 2020 Published on June 30, 2020

Renewed local demand lifted sugar prices at the Vashi wholesale market by ₹10-20 a quintal on Tuesday. Sufficient quota for the month of July kept the prices steady at naka and mill level.

Arrivals were at 39-40 truck loads (of 10 tonnes each) and local dispatches were at 40-42 loads. Inventories were about 88-90 loads. Freight rates were steady at ₹85-100 per bag.

On Monday evening, 18-20 mills offered tenders and sold about 44,000-45,000 bags at ₹3,120-3,220 for S-grade and ₹3,220-3,320 for M-grade.

The Bombay Sugar Merchants Association spot rates were (₹/quintal): S-grade 3,290-3,350 and M-grade 3,370-3,562.

Naka delivery rates (₹/quintal): S-grade 3,220-3,290 and M-grade 3,320-3,400.

Published on June 30, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.