Commodities

Sugar dissolves as demand eases

Our Correspondent Mumbai | Updated on July 28, 2020 Published on July 28, 2020

Sugar prices at the Vashi wholesale market declined by ₹10-20 a quintal on eased local demand amid limited activities. Naka and mill tender rates were steady on routine volume.

Arrivals were at 33-35 truck loads (of 10 tonnes each) and local dispatches were at the same level. Inventories were about 90-95 loads. Freight rates were hovering near ₹80-100 per bag.

On Monday evening, 12-14 mills offered tenders and sold about 24,000-25,000 bags at ₹3,160-3,230 for S-grade and ₹3,250-3,330 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,302-3,382 and M-grade 3,410-3,580.

Naka delivery rates (₹/quintal): S-grade 3,270-3,330 and M-grade 3,370-3,430.

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

Published on July 28, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.