Sugar market witnessed sudden spurt late last evening on reports of Centre considering buffer stock of 30 lakh tonnes to boost the margin of mills. On Thursday 20-22 mills in MaharashtraтАЩs sold over 1.25 lakh bags тВ╣2,750-2,820 for S-grade and тВ╣2,820-2,900 for M-grade. On Bombay Sugar Merchants Association’s spot rates were: S-grade тВ╣2,840- 2,950 and M-grade тВ╣2,952-3,080. Naka delivery rates were: S-grade тВ╣2,830тАУ 2,900 and M-grade тВ╣2,900-3,000
