Commodities

Sugar rules steady

Our Correspondent Mumbai | Updated on June 24, 2020 Published on June 24, 2020

Steady trend continued in spot sugar market on Wednesday amid producers’ selling pressure. Prices at the Vashi wholesale market were fluctuating at ₹5-10 a quintal, while at naka and mill level prices ruled unchanged.

Arrivals were at 40-42 truck loads (of 10 tonnes each) and local dispatches were at 43-44 loads. Inventories were about 80 truck loads. Freight rates were steady at ₹85-100 per bag.

On Tuesday evening, 21-22 mills offer tenders and sold about 54,000-55,000 bags at ₹3,120-3,200 for S-grade and ₹3,220-3,300 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,310-3,362 and M-grade 3,340-3,562.

Naka delivery rates (₹/quintal): S-grade 3,280-3,300 and M-grade 3,320-3,390.

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Published on June 24, 2020
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