Mixed trend in sugar

Our Correspondent Mumbai | Updated on July 27, 2020 Published on July 27, 2020

Sugar prices at the Vashi wholesale market showed a mixed trend on Monday. Naka and mill tender rates were lower by ₹10 a quintal as per quality.

Arrivals were at 28-30 truck loads (of 10 tonnes each) and local dispatches, too, were at the same level. Inventories were about 90- 95 loads. Freight rates were hovering near ₹80-100 a bag.

On Saturday evening, 10-12 mills offered tenders and sold about 14,000-15,000 bags at ₹3,160-3,230 for S-grade and ₹3,250-3,330 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,320-3,382 and M-grade 3,416-3,580. Naka delivery rates (₹/quintal): S-grade 3,270-3,330 and M-grade 3,370-3,430.

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

Published on July 27, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.