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Sugar prices at the Vashi market declined by ₹10-12 a quintal tracking weak demand amid selling pressure from mills. Naka rates were down by ₹10.
Traders were optimistic about rise in demand at the start of new month. Arrivals were steady at 57-58 truck loads and local dispatches were at 56-57 loads.
On Monday evening, about 20-22 mills sold about 35,000-37,000 bags at ₹3,080-3,250 for S-grade and ₹3,200-3,350 for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,220-3,372 and M-grade ₹3,330-3,605. Naka delivery rates: S-grade ₹3,220-3,370 and M-grade ₹3,260-3,470.
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