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Sugar in bear grip

Sugar in bear grip

AUGUST 7 2018


Sugar market continued its decline on ample supplies amid limited demand. Prices at the Vashi wholesale market eased further by 10-15 a quintal. Naka rates were steady. Mill tender rates dropped by 10-30 as producers kept their tender offers open on less-than-expected demand. Freight rates remained steady at 90-100 a bag. Arrivals improved to 62-63 truck loads and local dispatches were at 59-60 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade 3,170-3,312 and M-grade 3,272-3,492. Naka delivery rates: S-grade 3,140-3,220 and M-grade 3,200-3,320.



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