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Sugar prices at the Vashi wholesale market ruled flat tracking steady trend at mill level on Thursday. Naka rates were up by ₹15 a quintal on expectation of possible rise in minimum selling prices by ₹200 to ₹3,300 per quintal.
Arrivals were at 34-35 truck loads (of 10 tonnes each) and local dispatches, too, were at the same level. Inventories increased to about 80-85 truck loads. Freight rates were steady at ₹80-100 per bag.
On Wednesday evening, 14-15 mills offered tenders and sold about 18,000-20,000 bags at ₹3,120-3,220 for S-grade and ₹3,220-3,320 for M-grade.
The Bombay Sugar Merchants Association spot rates (₹/quintal): S-grade 3,290-3,350 and M-grade ₹3,370-3,560. Naka delivery rates (₹/quintal): S-grade 3,235-3,305 and M-grade 3,335-3,415.
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