Sugar prices on Vashi market on Wednesday, extended gains further by Rs 10–15 a quintal. Naka rates increased Rs 20 for S-grade and Rs 10 for M-grade.

Mill tender rates were up by Rs 15-20 on support of fresh buying inquiry from eastern side and higher demand from local traders. Mr Mukesh Kuwadia, Secretary of Bombay Sugar Merchants Association, told BusinessLine, “Market improved on support of fresh buying inquiry from eastern side and higher local demand. Demand from neighbouring States also expected to rise coming days”.

In Vashi market, arrivals were 54-55 truck loads while local dispatches were about 50-52 truck loads. On Tuesday 18- 20 mills offer tenders and sold about 58,000 – 60,000 bags to local traders in the range of Rs 2,785-2,850 (Rs 2,770-2,840) for S-grade and Rs 2,860-2,950 (Rs 2,840-2,930) for M-grade.

Bombay Sugar Merchants Association's spot rates: S-grade Rs 2,926-2,986 (Rs 2,910-2,981) and M-grade Rs 3,011- 3,161 (Rs 3,001-3,151). Naka delivery rates: S-grade Rs 2,890 -2,930 (Rs 2,870-2,910) and M-grade Rs 2,960-3,030 (Rs 2,950-3,020).