Range-bound trading in sugar
/MUMBAI, JULY 19
Sugar prices at the Vashi wholesale market remained range-bound with a small rise of ₹5-10 a quintal for S-grade. At mill level, the volume doubled as stockists made fresh bulk commitments anticipating transporters’ strike. Naka rates improved by ₹10-20. Freight rates were up ₹10 to ₹115-120 per bag. Arrivals stood at 54-55 truck loads and local dispatches were at 57-58 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹3,232-3,312 and M-grade ₹3,306-3,552. Naka delivery rates: S-grade ₹3,200-3,250 and M-grade ₹3,270-3,360.
Source: Business Line – Published on: 19/07/2018