Commodities

Mixed trend in sugar

Our Correspondent Mumbai | Updated on June 19, 2020

File photo   -  Bijoy Ghosh

Sugar prices showed a mixed trend at the Vashi wholesale market. Prices were fluctuating by ₹5-10 a quintal in line with quality.

Aarrivals were at 38-40 truck loads (of 10 tonnes each) and local dispatches too were at the same level. Inventories were at 80 truck loads. Freight rates were steady at ₹85-100 per bag.

On Thursday evening, 18-20 mills offered tenders and sold about 48,000-50,000 bags at ₹3,120-3,200 for S-grade and ₹3,220-3,300 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,286-3,362 and M-grade ₹3,340-3,552 . Naka delivery rates (₹/quintal): S-grade 3,280-3,300 and M-grade 3,320-3,390.

Published on June 19, 2020

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