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Selling pressure dissolves sugar

Selling pressure dissolves sugar

MAY 15 2018

 

Sugar market ruled weak on higher selling by producers. At the Vashi wholesale market, local demand remained limited, while at mill level less-than-expected demand forced the producers to sell the sweetener at 10-30 a quintal lower than previous close. Prices at Vashi declined by 50-70 a quintal. Arrivals were at 58-60 truck loads and local dispatches were at 57-58 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade 2,612-2,751and M-grade 2,702-2,882. Naka delivery rates: S-grade 2,575-2,645 and M-grade 2,645-2,725.

 

Source:https://www.thehindubusinessline.com

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