Commodities

Sugar market rules steady

Our Correspondent Mumbai | Updated on June 09, 2020

Vashi sugar market ruled steady with minor changes as per variety on Tuesday. Supply from mills was ample and morale was steady, said sources.

Arrivals at Vashi increased to 34-35 truckloads (each of 10 tonnes) and local dispatches were at 33-34 truckloads. Inventories at Vashi increased to 78-80 truckloads. Freight rates were steady at ₹85-100 per bag.

On Monday evening, 17-18 mills offered tenders and sold about 38,000-40,000 bags at ₹3,110-3,170 (₹3,110-3,170) for S-grade and ₹3,160-3,230 (₹3,160- 3,230) for M-grade.

The Bombay Sugar Merchants Association's spot rates were (₹/quintal):

S-grade ₹3,260-3,322 (₹3,250-3,342) and M-grade ₹3,330-3,490 (₹3,330- 3,490).

Naka delivery rates were (₹/quintal): S-grade 3,210-3,250 (3,210-3,250) and M-grade 3,240-3,350 (3,240-3,350).

Published on June 09, 2020

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