Sugar stays flat

Sugar stays flat

by admin- Friday, August 28th, 2020 07:27:38 AM

Sugar charges on the Vashi wholesale market ruled unchanged on Thursday besides ₹10 upward push in S-grade at the decrease aspect. Naka and mill smooth charges had been steady on want-primarily based bulk demand. Mills are wearing high surplus shares which compelled manufacturers to promote their stocks continuously. Routine volume in spot market saved the morale susceptible, said resources.

Arrivals have been approximately forty four-forty five truck masses (of 10 tonnes each) and local dispatches, too, had been at the same degree. Inventories at Vashi had been approximately 90-ninety five truck masses. Freight fees had been strong at ₹eighty-a hundred in line with bag.
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On Wednesday, approximately 17-18 generators presented tenders and sold about 58,000-60,000 bags at ₹3,one hundred fifty-3,220 for S-grade and ₹3,250-3,320 for M-grade.

The Bombay Sugar Merchants Association spot charges (₹/quintal): S-grade three,292-three,382 and M-grade three,four hundred-3,512. Naka transport prices (₹/quintal): S-grade 3,250-three,320 and M-grade three,370-3,420.

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