Sugar steadies in thin trade
MUMBAI, FEBRUARY 19
Sugar prices ruled steady in Mumbai after gaining ₹20-50 a quintal last week as per quality. Due to Shivaji Maharaj Jayanti, Vashi market remained closed so there were no local dispatches. Naka and mill tender rates were under reselling pressure and remained range-bound.
On Saturday evening, 14-15 mills offered tenders and sold about 28,000-30,000 bags at ₹3,100-3,200 for S-grade and ₹3,200-3,300 for M-grade.
Nominal spot rates: S-grade ₹3,210-3,300 and M-grade ₹3,310-3,530. Nominal naka delivery rates: S-grade ₹3,200-3,300 and M-grade ₹3,280-3,400.
Published on February 19, 2018 – Source: Businessline