Sugar steadies as inventories weigh by admin- Tuesday, September 22nd, 2020 07:45:03 AM
Sugar costs extended a consistent fashion on Monday. At the Vashi terminal market, prices declined via ₹10-15 a quintal for truthful fine, even as that of first-class – formidable range dominated unchanged.
Naka and mill gentle rates have been consistent as manufacturers persevered to promote at triumphing fees to ease surplus burden. Arrivals and nearby dispatches remained at par with habitual volumes in 2nd half of of the month. Morale became weak, said resources.
Arrivals have been about 42-forty four truck masses (of 10 tonnes each) and neighborhood dispatches were at 43-44 masses. Inventories at terminal market reach to 100 truck loads. Freight charges had been constant at ₹eighty-a hundred consistent with bag.
On Saturday night, about 18-20 turbines sold about fifty eight,000-60,000 baggage at ₹3,one hundred fifty –three,220 for S-grade and ₹three,240 – 3,320 for M-grade.
The Bombay Sugar Merchants Association spot costs (₹/quintal): S-grade 3,280 – three,352 and M-grade three,372 – 3,502.
Naka transport quotes (₹/quintal): S-grade three,260 – 3,310 and M-grade three,360 – three,410.