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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).
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