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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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