Mixed trend in sugar

Our Correspondent Mumbai | Updated on June 25, 2020 Published on June 25, 2020

Sugar prices at the Vashi wholesale market were fluctuating by ₹10-20 a quintal in line with quality. In a routine market, naka rates were steady. Factors such as end of crushing season, support of export demand and festival season ahead kept the morale firm, said sources.

Arrivals were at 44-45 truck loads (of 10 tonnes each) and local dispatches were at 43-44 loads. Inventories rose to about 80-85 truck loads. Freight rates were steady at ₹85-100 per bag.

On Wednesday evening, 19-20 mills offered tenders and sold about 58,000-60,000 bags at ₹3,130-3,220 for S-grade and ₹3,220-3,320 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,296-3,362 and M-grade 3,370-3,552. Naka delivery rates (₹/quintal): S-grade 3,280-3,300 and M-grade 3,320-3,390.

Published on June 25, 2020
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