Sugar prices continued their northward journey on higher demand and improved lifting by State level stockists on Wednesday. Prices were further up by Rs 20-50 a quintal at mill level and at naka level. In the Vashi wholesale market, spot market prices ruled unchanged Domestic futures market showed a weaker trend. Stockists have begun to buy quality M-grade sugar.Traders are expecting higher volumes in next two weeks. The undertone of the market will likely remain bullish during the festival time. Buying from neighbouring States is expected to rise in Maharashtra. In world market, sugar futures price extended losses on report of steady harvesting and ease in supply in centre-southern Brazil and possible surplus in India despite lower output next season year starting from October. In Vashi market, arrivals and local dispatches were higher on improved activities. On Wednesday, about 58-60 truckloads arrived in the market while local dispatches were 57-58 loads. On Tuesday evening, more mills offered tenders. About 18–20 mills offered tenders and sold nearly one lakh bags (each of 100 kg) to local traders in the higher range of Rs. 3,480-3,540 (Rs 3,450-3,520 ) for S-grade and Rs 3,550 - 3,680 (Rs 3,500-3,640) for M-grade.

The Bombay Sugar Merchants Association's spot rates were (Rs/quintal): S-grade Rs 3,572-3,632 (Rs 3,572-3,632) and M-grade Rs 3,631-3,801 (Rs 3,631-3,801).

Naka delivery rates were: S-grade Rs 3,540-3,580 (Rs 3,520-3,580) and M-grade Rs 3,610-3,730 (Rs 3,600-3,680).