Mumbai, August 31:
At Vashi sugar market bearish trend continued on higher arrivals and increased selling pressure at upper level.
Arrivals at Vashi increased to 65-70 truck loads while local dispatches were limited to 60- 65 truck loads. On Wednesday evening about 22 mills offered tenders and sold 50,000 bags at ₹3,600-3,650 (₹3,600-3,650) for S-grade and ₹3,660-3,750 (₹3,660 –3,750) for M-grade.
On Bombay Sugar Merchants Association's spot rates were:(in ₹) S-grade 3,730- 3,816 (3,742 – 3,818) and M-grade 3,812 – 3,982 ( 3,812 – 3,992).
Naka delivery rates were: (in ₹) S-grade 3,677 – 3,743 (3,677 – 3,743) and M-grade 3,743 – 3,848 ( 3,743 – 3,848).
(This article was published on August 31, 2017)
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