Selling pressure dissolves sugar

Our Correspondent Mumbai | Updated on January 23, 2018 Published on May 22, 2015


Producers selling with heavy discount dragged sugar prices on the Vashi market by ₹10-20 a quintal. With routine demand, naka and mill tender prices remained unchanged. Lack of demand from neighbouring States forced traders to offload their produce at local markets keeping stockists away from fresh bulk buys. Arrivals at Vashi market were 58-60 truck loads and local dispatches were also same level. On Thursday evening, 14-15 mills offered tenders and sold about 37,000-38,000 bags at ₹2,280-2,400 (2,280-2,400) for S-grade and ₹2,380-2,540 (2,380-2,540) for M-grade.

The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,452-2,602 (2,472-2,602) and M-grade ₹2,602-2,742 (2,622-2,750). Naka delivery rates: S-grade ₹2,380-2,500 (2,380-2,500) and M-grade ₹2,500-2,640 (2,500-2,640).

Published on May 22, 2015
This article is closed for comments.
Please Email the Editor