Sugar market rules weak

Sugar market ruled weak on need-based physical demand amid higher selling pressure at the upper level. On Tuesday, about 22 mills sold about 35,000 bags at ₹3,150-3,330 for S-grade and ₹3,280-3,440 for M-grade. Bombay Sugar Merchants Association's spot rates were: (in ₹) S-grade 3,326- 3,490 and M-grade 3,422- 3,680. Naka delivery rates were: (in ₹) S-grade 3,350-3,450 and M-grade 3,400-3,600.