Commodities

Sugar gains on firm tenders

Our Correspondent Mumbai | Updated on January 15, 2018 Published on November 14, 2016

BL09-SUGAR



Sugar prices extended their gain for the second consecutive day, on the back of firm mill tenders, amid tight freight rates. At Vashi on Monday, spot rates went up by ₹20-25 and naka prices increased by ₹10-12. Mill sold commodity ₹10-20 higher despite routine volumes. Arrivals at Vashi were about 61-62 truck loads and local dispatches were at same level. On Saturday evening 13–14 mills offered tenders, and sold about 38,000–40,000 bags at ₹3,400-3,500 for S-grade and ₹3,520–3,620 for M-grade.

Published on November 14, 2016
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