Sugar rises on firm mill prices

Sugar prices on the Vashi market rose by ₹5-10 a quintal tracking firm mill tender rates. With normal and routine volumes at mill and market level, prices at naka and producing level ruled steady. Freight rates and inventory were stable. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,856- 3,942 (3,850-3,942) and M-grade was ₹3,910-4,112 (3,902-4,152). Naka delivery rates: S-grade ₹3,840-3,890 (3,840-3,880) and M-grade ₹3,900-3,950 (3,900-3,950). Our Correspondent