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Sugar prices at the Vashi market ruled mixed on Thursday with minor changes. Sentiments at upper naka and mill level remained steady on limited volumes. Need-based demand and sufficient supplies from mills kept the morale steady. Arrivals and local dispatches were at par, said sources.
Arrivals at Vashi increased to 40-42 truckloads (each of 10 tonnes) and local dispatches were at same level. Inventories at Vashi were 84-85 truckloads. Freight rates were steady at ₹85-100 per bag.
On Wednesday evening, 19-20 mills sold 38,000-40,000 bags at ₹3,110-3,170 (₹3,110-3,170) of S-grade and ₹3,160-3,230 (₹3,160-3,230) of M-grade.
The Bombay Sugar Merchants Association's spot rates: (₹/quintal): S-grade ₹3,250-3,322 (₹3,250-3,322) and M-grade ₹3,320-3,502(₹3,340-3,502).
Naka delivery rates: (₹/quintal): S-grade 3,210-3,250 (3,210-3,250) and M-grade 3,240-3,350 (3,240-3,350).
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