Sugar market ruled flat on Wednesday as lifting pressure on stockiest and mills selling pressure kept activities routine and prices stable with minor changes. At Vashi prices for sugar declined by ₹4-20 lower side and increase by ₹6 – 22 higher side showing mix trend.

On Tuesday evening 15-16 mills offered tenders and sold about 30,000 bags at ₹3,530 -3,590 (₹3,530 - 3,590) for S-grade and ₹3,610-3,690 (₹3610-3,690) for M-grade. On Bombay Sugar Merchants Association's spot rates were: (in ₹) S-grade 3,676-3,782 (3,680 – 3,760) and M-grade 3,752 – 3,952 (3,772 – 3,946).

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).

(This article was published on September 27, 2017)
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