Talks of MSP hike sweetens sugar by admin- Wednesday, July 8th, 2020 08:12:19 AM
Sugar prices rose by way of ₹30-40 a quintal on the Vashi wholesale market on talks that Centre has determined to raise minimal promoting rate of sugar by means of ₹200 to ₹3,three hundred a quintal.
Naka prices had been up via ₹forty-60 monitoring company mill tender prices. Activities had been limited on need-primarily based nearby and bulk call for.
Arrivals had been at 35-38 truck loads (of 10 tonnes each) and neighborhood dispatches, too, have been on the equal level. Inventory at Vashi was approximately 80-85 masses. Freight charges were steady at ₹eighty-100 in keeping with bag.
On Monday night, 14-15 generators offered tenders and bought about 38,000-40,000 bags at ₹three,a hundred and sixty-3,250 for S-grade and ₹3,260-three,370 for M-grade.
The Bombay Sugar Merchants Association spot costs (₹/quintal): S-grade 3,342-3,382 and M-grade 3,400-three,602.
Naka transport charges (₹/quintal): S-grade 3,310-3,360 and M-grade three,400-three,500.