Sugar steadies in routine trade

Our Correspondent Mumbai | Updated on August 28, 2020

Sugar prices at all level ruled steady as demand-supply remained at par amid need-based volume. At the Vashi wholesale market, prices were fluctuating by ₹5-10 a quintal. Naka and mill tender rates were unchanged on routine activities.

Arrivals were about 40-42 truck loads (of 10 tonnes each) and local dispatches were at the same level. Inventories were about 90-95 truck loads. Freight rates were stable at ₹85-100 per bag.

On Thursday evening, about 16-18 mills offered tenders and sold about 54,000-55,000 bags at ₹3,150-3,220 for S-grade and ₹3,250-3,320 for M-grade.

The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,306 – Rs 3,362 and M-grade 3,400 – 3,512.

Naka delivery rates (₹/quintal): S-grade 3,250-3,320 and M-grade 3,370 – 3,420.

Published on August 28, 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