Sugar costs decline
by admin- Tuesday, February 18th, 2020 07:31:09 AM
Sugar costs at Vashi declined for fair first-class and stayed unchanged for great-bold variety on Monday. Mill smooth and naka costs remained variety-certain. Inventory inventory burden keep to weigh on producers, forcing them to promote winning quotes.
Freight fees had been constant at ₹75-a hundred consistent with quintal. Inventory at Vashi turned into anticipated at 110-one hundred fifteen truck masses. Market remained regular on want base-restrained call for and volumes stated resources.
On Saturday, only 14-15 generators presented tenders and offered about 34,000-35,000 bags at ₹three,a hundred-3,220 a quintal of S-grade and ₹3,220-three,380 of M-grade. Arrivals at Vashi were 60-62 truckloads and local dispatches had been at same degree.
Bombay Sugar Merchants Association’s spot prices : S-grade ₹three,212-three,400 and M-grade ₹3,342-three,602.
Naka delivery charges : S-grade ₹three,215-3,295 and M- grade ₹3,285-three,485.