Commodities

Mixed trend in sugar prices

Our Bureau Mumbai | Updated on August 04, 2020 Published on August 04, 2020

Sugar prices showed a mixed trend on Tuesday on eased local and bulk demand amid enough supply from producing level. At Vashi, rates were ₹5- 10 higher because of lower tracking selling pressure at the mill level. Due to heavy rain in the city and related disturbances, activities were limited at Vashi with a thin presence of traders and brokers. Morale was steady, said sources.

Arrivals at Vashi were 35-37 truckloads (each of 10 tonnes) and local dispatches were 32-33 truckloads. The inventory at Vashi increased to 88-90 truckloads. The freight rates were stable at ₹85-100 per bag.

On Saturday evening, 15-16 mills offered tenders and sold 26,000-27,000 bags at ₹3,150-3,210 (₹3,150-3,210) for S-grade, and ₹3,250-3,310 (₹3,240-3,310) for M-grade.

On the Bombay Sugar Merchants Association, spot rates were (₹/quintal):

S-grade: ₹3,296-3,382 (₹3,302-Rs 3,382); M-grade: ₹3,420-3,590 (₹3,410-3,580).

Naka delivery rates were (₹/quintal): S-grade ₹3,260-3,320 (₹3,260-3,320); M-grade ₹3,380-3,430 (₹3,380-3,430) .

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on August 04, 2020
This article is closed for comments.
Please Email the Editor