Sugar prices at the Vashi wholesale market ruled flat on Monday on higher arrivals amid limited demand. Arrivals increased while local dispatches remained normal. Inventory remained stable at 110-115 truck loads. Routine activities kept the morale steady, said sources.
Arrivals were at 61-62 truck loads and local dispatches were at 56-57 loads. On Saturday evening, 18-20 mills offered tenders and sold about 44,000-45,000 bags at ₹3,100-3,150 (₹3,100-3,150) for S-grade and ₹3,130-3,180 (₹3,130-3,180) for M-grade. Freight rates were steady at ₹80-100 a quintal.
The Bombay Sugar Merchants Association spot rates: S-grade ₹3,190-3,252 (3,190-3,252) and M-grade ₹3,238-3,342 (₹3,238-3,352).
Naka delivery rates: S-grade ₹3,160-3,210 (₹3,160-3,210) and M-grade ₹3,200-3,290 (₹3,200-3,290).