Commodities

Steady trend in sugar market

Our Correspondent Mumbai | Updated on June 22, 2020

The sugar market witnessed a steady trend on Monday. Prices were stable at naka and mill levels.

Producers are holding stocks on the hope of increase in minimum selling price by ₹200, which is currently fixed at ₹3,100 per quintal.

Arrivals at Vashi were 44-45 truckloads and local dispatches were at 40-42 truckloads. Inventories at Vashi were 78-80 truckloads. Freight rates were steady at ₹85-100 a bag.

On Saturday evening, 20-22 mills sold about 58,000-60,000 bags at ₹3,120-3,200 (₹3,120-3,200) of S-grade and ₹3,220-3,300 (₹3,220-3,300) ofM-grade.

The Bombay Sugar Merchants Association's spot rates were (₹/quintal): S-grade 3,310-3,362 (3,300-3,362) and M-grade 3,350-3,562 (3,370-3,552).

Naka delivery rates were (₹/quintal): S-grade 3,280-3,300 (3,280-3,300) and M-grade 3,320-3,390 (3,320-3,390).

Published on June 22, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor