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Sugar continues to rally

Sugar continues to rally

February 8, 2018


Sugar market witnessed a jump in prices on Thursday extending its bullish trend on higher demand at mill and market level. At the Vashi wholesale market, prices were up 15-20 a quintal, while naka rates were up 40-50. Mill tender rates gained 20-30. Arrivals increased to 61-62 truck loads and local dispatches were at 60-62 loads. On Wednesday evening, 20-22 mills offered tenders and sold about 78,000-80,000 bags at 2,900-3,010 for S-grade and 3,030-3,150 for M-grade. The Bombay Sugar Merchants Association’s spot rates: S-grade 3,052-3,140 and M-grade 3,160-3,340. Naka delivery rates: S-grade 3,040-3,150 and M-grade 3,100-3,245.



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