Sugar Price Weakens Further

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Image Credits: Don Thai Trading

MUMBAI, MARCH 14
Sugar prices weaken further on Wednesday . Mills sold commodity ₹20 lower previous day evening kept Vashi market under pressure today. On BSMA prices declined by ₹15- ₹20. Naka rates were down by ₹15. Sour Inventory at Vashi remains stable at 115-120 truck loads. Arrivals at Vashi was about 62 truck loads and local dispatches were at 59-60 truck loads. On Tuesday evening about 18 mills sold merely 34,000-35,000 bags at ₹2,940 – ₹3,030 for S-grade and ₹3,030 – ₹3,140 for M-grade. On Bombay Sugar Merchants Association’s spot rates were:(in ₹) S-grade3,116 – 3,202 and M-grade 3,186 – 3,400. Naka delivery rates were: S-grade ₹3,055– 3,125 and M-grade ₹3,115 – 3,235.

SOURCEThe Hindu Business Line

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