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Sugar market rules range-bound
The sugar market seems to be settling down at the current level, as prices are ruling range-bound with thin volatility. On Thursday, 20-22 mills sold 55,000-58,000 bags at ₹3,100-3,150 a quintal of S-grade and ₹3130-3,180 of M-grade. The Bombay Sugar Merchants Association spot rates were ₹3,216-3,272 for the S-grade and ₹3,246-3,362 for the M-grade . Naka delivery rates were at ₹3,220-3,250 (S-grade) and ₹3,240-3,300 (M-grade).
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