Steady trend in sugar

Sugar market ruled steady on routine arrivals, dispatches and volumes. Removal of stocklimits encouraged stockists to place fresh bulk bets. At Vashi spot and naka rates were steady. Arrivals were steady at 55-57 truck loads and local dispatches were at 55-56 loads. On Tuesday evening, about 22 mills sold about 40,000 bags at ₹3,100-3,280 for S-grade and ₹3,240-3,380 for M-grade. The Bombay Sugar Merchants Association’s spot rates: (in ₹) S-grade 3,256-3,400 and M-grade 3,340-3,660. Naka delivery rates: (in ₹) S-grade 3,260-3,400 and M-grade 3,360-3,560.