Image Credits: albayan.ae
MUMBAI, MARCH 28
Sugar market ruled flat on sufficient supply amid need base wholesale and retail demand. Sugar prices at Vashi spot market declined over โน130-150 per quintal on producers selling pressure. Prices at Vashi remained steady with โน5-10 higher-lower as per quality. Naka rates were unchanged. At Vashi arrivals were 58-60 truck loads and local dispatches were 55-56 truck loads. Freight rates were steady and inventory was expected at 110-115 truck loads. On Tuesday evening about 20 mills sold about 40,000 bags at โน2,800โ 2,880 for S-grade and โน2,900-3,010 for M-grade. On Bombay Sugar Merchants Association’s spot rates were: S-grade โน3,022-3,142 and M-grade โน3,132-3,332. Naka delivery rates were: S-grade โน2,960-3,050 and M-grade โน3,040 โ 3,150.
