Demand sweetens sugar

Our Corresponden

Mumbai, September 14

Sugar market ruled firm on back of higher demand for festivals. Mills witnessed higher volume previous day evening at steady rates but today they were quoting ₹10-20 a quintal higher. Naka rates were up by ₹10. Prices at the Vashi wholesale market increased by ₹10-15. Freight rates also were up ₹5-7 per bag.Arrivals were at 62-63 truck loads and local dispatches were at 64-66 loads. The Bombay Sugar Merchants Association spot rates: S-grade ₹3,040-3,162 and M-grade ₹3,170-3,402 . Naka delivery rates: S-grade ₹3,040-3,130 and M-grade ₹3,110-3,230.

Published on September 14, 2018

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