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Sugar prices ruled steady on Wednesday on back of routine demand-supply and volumes. On the Vashi market, spot and naka rates were unchanged. Mill tender prices ruled steady. Arrivals and local dispatches remained at par keeping inventory stocks stable. Arrivals to the Vashi market were at 61-62 truck loads and local dispatches were at 61-62 loads. On Tuesday evening, 14-15 mills offered tenders and sold about 28,000-30,000 bags at ₹2,540-2,640 (2,540-2,640) for S-grade and ₹2,650-2,750 (2,650-2,750) for M-grade.
The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,682-2,792 (2,682-2,792) and M-grade ₹2,786-2,912 (2,780-2,912). Naka delivery rates: S-grade ₹2,620-2,730 (2,620-2,700) and M-grade ₹2,730-2,830 (2,730-2,830).
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