Sugar rules steady

Mumbai | Updated on March 06, 2020 Published on March 06, 2020

Sugar rules steady

Sugar market ruled steady for M-grade and declined by ₹10 for S-grade at Vashi on Friday. Barring these minor changes, prices at naka and mill level ruled flat on need-based bulk and retail demand.

Mills continued selling at prevailing rates. Prices are ruling near the minimum selling price of ₹3,100 fixed by the government.

Arrivals and local dispatches remained at par at 58-60 truckloads. On Thursday, about 17-18 mills offered tenders and sold about 38,000-40,000 bags at ₹3,100-3,230 a quintal of S-grade and ₹3,210-3,380 of M-grade.

The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,232-3,322 and M-grade ₹3,352- 3,582.

Naka delivery rates: S-grade ₹3,205-3,245 and M- grade ₹3,255-3,415. Our Correspondent

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Published on March 06, 2020
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