Commodities

Mixed trend in sugar

Our Correspondent Mumbai | Updated on July 29, 2020

Sugar prices at the Vashi wholesale market declined further by ₹5-8 a quintal and ruled unchanged at naka level on Wednesday. Mill tender rates dropped by ₹10-20 on eased demand. Volumes remained limited.

Arrivals were at 34-35 truck loads (of 10 tonnes each) and local dispatches, too, were at the same level. Inventory was about 85-90 loads. Freight rates were stable at ₹80-100 per bag.

On Tuesday evening, 13-14 mills offered tenders and sold about 24,000-25,000 bags at ₹3,150-3,210 for S-grade and ₹3,240-3,310 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,296-3,382 and M-grade 3,410-3,580.

Naka delivery rates (₹/quintal): S-grade 3,270-3,330 and M-grade 3,370-3,430.

Published on July 29, 2020

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

This article is closed for comments.
Please Email the Editor