Comments
Sugar prices at Vashi declined for fair quality and stayed unchanged for fine-bold variety on Monday. Mill tender and naka rates remained range-bound. Inventory stock burden continue to weigh on producers, forcing them to sell prevailing rates.
Freight rates were steady at ₹75-100 per quintal. Inventory at Vashi was estimated at 110-115 truck loads. Market remained steady on need base-limited demand and volumes said sources.
On Saturday, only 14-15 mills offered tenders and sold about 34,000-35,000 bags at ₹3,100-3,220 a quintal of S-grade and ₹3,220-3,380 of M-grade. Arrivals at Vashi were 60-62 truckloads and local dispatches were at same level.
Bombay Sugar Merchants Association's spot rates : S-grade ₹3,212-3,400 and M-grade ₹3,342-3,602.
Naka delivery rates : S-grade ₹3,215-3,295 and M- grade ₹3,285-3,485.
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.