Sugar rules steady, spot prices dip slightly

Elvera Bartels

Barring the location sector, sugar costs at the Naka and mill level continued on a constant pattern on Friday. At Vashi, location premiums decrease by ₹10-30 on constrained neighborhood demand from customers.

Mills marketing on envisioned bigger sugar creation this yr, heavy carryover shares of previous yr, sombre festival season, decrease in for every capita buying electrical power and decreased demand from customers have held sentiments in the sugar sector stable-to-weak considering the fact that the previous number of months, resources explained.

Arrivals at Vashi have been about 30-32 truckloads (each and every of ten tonnes) and neighborhood dispatches have been at the same level. On Thursday evening, 14-15 mills available tenders and offered about 28,000-30,000 luggage at ₹3,a hundred and ten-3,a hundred and seventy (₹3,a hundred and ten-3,a hundred and seventy) for the S-grade and ₹3,two hundred-3,270 (₹3,two hundred-3,270) for the M-grade.

Bombay Sugar Retailers Association’s location premiums (₹/quintal): S-grade ₹3,250-3,322 (₹3,260-3,334) and M-grade ₹3,330-3,462 (₹3,362-3,466).

Naka delivery premiums (₹/quintal): S-grade ₹3,210-3,260 (₹3,210-3,260) and M-grade ₹3,290-3,360 (₹3,290-3,360).

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