Comments
Month-end lifting pressure on stockists amid eased demand kept sugar prices at the Vashi wholesale market and mill level range-bound on Friday. Prices were ₹4-5 higher/lower as per quality.
Naka rates were steady. Good export demand and hopes on festival season kept the morale firm, said sources.
Arrivals at Vashi were 40-42 truck loads (of 10 tonnes each) and local dispatches were at 38-40 loads. Inventories were about 84-85 truck loads. Freight rates were steady at ₹80-100 per bag.
On Thursday evening, 16-18 mills offered tenders and sold about 38,000-40,000 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 3,290-3,362 and M-grade 3,370-3,552. Naka delivery rates (₹/quintal): S-grade 3,280-3,300 and M-grade 3,320-3,390.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.