Selling pressure dissolves sugar

Our Correspondent Mumbai | Updated on January 24, 2018 Published on June 12, 2015


Sugar prices on the Vashi market continued their bearish trend on back of continuous selling by producers in absence of upcountry or export demand. Prices declined further by ₹10-15 a quintal as stockists tried to ease their stocks. Rates at naka and mill level remained steady.

Arrivals declined to 57-58 truck loads and local dispatches were about 56-57 truck loads. On Thursday evening, about 19-20 mills offered tenders and sold about 38,000-40,000 bags at ₹2,150-2,300 (2,150-2,300) for S-grade and ₹2,250-2,440 (2,250-2,440) for M-grade.

The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,296-2,515 (2,312-2,515) and M-grade ₹2,422-2,652 (2,436-2,660). Naka delivery rates: S-grade ₹2,250-2,350 (2,250-2,350) and M-grade ₹2,400-2,560 (2,400-2,560).

Published on June 12, 2015
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