Sugar prices continued to rule higher despite routine demand-supply on higher cost parity. Producers kept prices firm – higher on support of local and upcountry demand and on expectation of lower production this year.

Prices at Vashi ruled steady. Mill and naka rates were also unchanged. Reports of upcountry purchases for 2- rail rake (of 27,000 bags each) also supported the sentiment. Sockists also made fresh purchases of about 55,000 bags. The Bombay Sugar Merchants Association’s spot rates:S-grade ₹3,936- 4,002 (3,942-4,002) and M-grade ₹4,016-4,281 (4,016-4,281). Naka delivery rates: S-grade ₹3,920-3,980 (3,920-3,980) and M-grade ₹3,980-4,030 (3,980-4,030).