Comments
Sugar prices at the Vashi market declined by ₹5-8 a quintal on Monday as selling pressure continued. Naka rates were steady. Producers sold the commodity ₹5-7 higher or lower as per quality with routine volume. Freight rates ruled flat after recent rise. Inventory at Vashi remained stable at 105-110 truck loads. As festival demand in bulk and in retail got over, morale was cautious. Stockists preferred to have need-base fresh buys, said sources. Sources said prices at upper level ruled range-bound with thin volatility and ruled weak in Vashi due to need base local demand. Arrivals at Vashi were 61-62 truck loads and local dispatches were at 59- 60 truck loads. On Saturday evening 17-18 mills offer tenders and sold about 50,000 bags at ₹3,520-3,580 ( ₹3,520-3,580) for S-grade and ₹3,620-3,680 (₹3,620-3,680) for M-grade. On Bombay Sugar Merchants Association's spot rates were: (in ₹) S-grade 3,656-3,750 (3,656 – 3,760) and M-grade 3,746 – 3,942 (3,766 – 3,942). Naka delivery rates were: (in ₹ ) S-grade 3,640 – 3,710 ( 3,640 – 3,710) and M-grade 3,680 – 3,810 (3,680 – 3,810).
Comments
COMMENT NOW
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.