Sugar rises on festival demand

Our Correspondent Mumbai | Updated on August 02, 2019 Published on August 02, 2019

Sugar market extended gain on Friday on lower than expected quota amid renewed demand for coming festivals. Arrivals at Vashi were 60-61 truckloads and local dispatches were 61- 62 truckloads. On Thursday, 28-30 mills sold 1-1.2 lakh bags at ₹3,120-3,170 a quintal of S-grade and ₹3,160-3,250 of M-grade.

The Bombay Sugar Merchants Association spot rates: S-grade ₹3,212-3,262 and M-grade ₹3,246-3,402. Naka delivery rates: S-grade ₹3,190-3,240 and M-grade ₹3,235-3,325.

Published on August 02, 2019
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