Sugar prices lost ₹20-40 a quintal at Vashi market on Thursday as producers sold the commodity at ₹20 lower than previous day’s close. Selling pressure from mills continued to weigh on spot market. Naka rates were steady. With limited activities sentiments remained bearish, said sources. Arrivals at Vashi market were steady at 60-62 truck loads and local dispatches were at 57-58 loads. The Bombay Sugar Merchants Association’s spot rates (in ₹): S-grade 3,300-3,450 and M-grade 3,400-3,660. Naka delivery rates (in ₹): S-grade 3,350-3,450 and M-grade 3,400-3,600.
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