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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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