Sugar rules steady on limited demand

Our Correspondent Mumbai | Updated on July 31, 2020

Despite an announcement made by the Government for a quota of 20.50 lakh tonnes for August, sugar prices remained steady. Spot rates at the Vashi wholesale market were ₹10-20 a quintal higher/lower as per quality. Naka and mill tender rates were steady.

Arrivals were at 33-35 truck loads (of 10 tonnes each) and local dispatches were at 32-33 loads. Inventory was about 90 truck loads. Freight rates were stable at ₹85-95 per bag.

On Thursday evening, 13-14 mills offered tenders and sold about 24,000-25,000 bags at ₹3,150-3,210 for S-grade and ₹3,240-3,310 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,322-3,382 and M-grade 3,410-3,580. Naka delivery rates were (₹/quintal): S-grade 3,230-3,290 and M-grade 3,350-3,400.

Published on July 31, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like