Commodities

Mixed trend in sugar

Our Correspondent Mumbai | Updated on January 16, 2018 Published on October 14, 2016

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Sugar prices at the Vashi market ruled mixed with ₹3-5 a quintal higher/lower as per quality. Naka rates down by ₹10-20. Mill tender prices were unchanged on higher demand. Maharashtra’s mills sold about 75,000-80,000 bags to local traders previous day evening on back of higher bulk demand for Diwali festival. Arrivals were about 60-61 truck loads and local dispatches were at 62-63 truck loads. Freight rates and market stocks were steady. The Bombay Sugar Merchants Association’s spot rates:S-grade ₹3,582-3,762 (3,582-3,760) and M-grade ₹3,686-3,902 (3,662-3,902). Naka delivery rates: S-grade ₹3,550-3,620 (3,560-3,640) and M-grade ₹3,610-3,720 (3,630-3,730).

Published on October 14, 2016
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