Sugar prices at mill declines

Sugar prices at mill declines

Sugar prices at mill level declined by ₹10 a quintal but at Vashi ruled steady except fair quality s-grade which was sold ₹10-15 lower on Thursday. Naka rates were steady. Due to last moment higher demand for Dussehra, local dispatches remained at par with arrivals. Volume at mill level slightly improved as mills sold commodity lower rates to match stock limits put by government sometimes back. Morale was steady said sources. On Wednesday evening, 17-18 mills offered tenders and sold about 50,000 bags at ₹3,520-3,580 (₹3,530-3,590) for S-grade and ₹3,610-3,680 (₹3,610-3,690) for M-grade.

On the Bombay Sugar Merchants Association’s spot rates were: (in ₹) S-grade 3,655- 3,740( 3,676 – 3,782) and M-grade 3,752 –3,952 (3,752 – 3,952). Naka delivery rates were: (in ₹) S-grade 3,640 – 3,690 (3,640 –3,690) and M-grade3,720 – 3,790 (3,720 – 3,790).

Source:The Hindu Business Line; Published on 28/09/2017