Local demand sweetens sugar

Our Correspondent Mumbai | Updated on January 17, 2018 Published on July 14, 2016

Sugar prices at Vashi gained by ₹5-10 a quintal on back of improved local demand. Naka and mill tender rates were unchanged on routine activities. At Vashi arrivals and local dispatches remained at par keeping stockists away from bulk buys. Freight rates were stable. Arrivals to the Vashi were about 62-63 truck loads and local dispatches were at same level. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,622-3,702 (3,616-3,692) and M-grade ₹3,700-3,852 (3,696-3,832). Naka delivery rates: S-grade ₹3,580-3,670 (3,580-3,670) and M-grade ₹3,640-3,770 (3,640-3,770).

Published on July 14, 2016
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