Selling pressure drags sugar

Sugar prices at the Vashi spot market crashed further by₹40-50 a quintal as Maharashtra’s mills sold the commodity at ₹40-50 less on slack bulk demand. Naka rates too were down. Arrivals were at 58-60 truck loads and local dispatches were at 55-56 loads. The Bombay Sugar Merchants Association’s spot rates: (in ₹) S-grade 3,060-3,200 and M-grade 3,152-3,400. Naka delivery rates: (in ₹) S-grade 3,020-3,250 and M-grade 3,080-3,350.