Comments
Sugar prices ruled mix on Thursday on ease supply, demand and volumes. AT Vashi, S–grade was steady while M- grade showed Rs. 4–Rs. 5 volatility as per quality. Mill tender rates ruled flat at previous day’s level. Due to more than enough quota (22 lakh tons) for September-- being a AdhikMas -- will keep the market under pressure for the first half of the month at least, sources said. The Navaratri and Dashera festivals fall under the second half od October.
Arrivals at Vashi were about 44–45 and truck loads (each of 10 tons) and local dispatches were at same level. Inventories at Vashi were about 90-95 truck loads. Freight rates were steady Rs. 80–Rs. 100 per bag.
On Wednesday, about 19–20 mills offered tenders and sold about 64,000–65,000 bags at Rs. 3,150–Rs. 3,210 (Rs. 3,150 – Rs. 3,210) for S-grade and Rs. 3,240–Rs. 3,320 (Rs. 3,240 – Rs. 3,320) for M-grade.
On Bombay Sugar Merchants Association's spot rates (Rs/Quintal): S-grade Rs. 3,306-Rs. 3,362 (Rs. 3,306 - Rs. 3,362) and M-grade Rs. 3,402–Rs. 3,502 (Rs. 3,400 - Rs. 3,512).
Naka delivery rates (Rs/Quintal): S-grade Rs 3,245 - 3,315 (Rs3, 240 – Rs 3,310) and M-grade Rs 3,365 – Rs 3,415 (Rs 3,360 – Rs 3,410).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.