Indian sugar mills association

Sugar rules firm on stockists’

Date:	14 Apr 2011

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News ID:	17

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Sugar prices at the mill level continued to rule firm on Thursday on fresh buying at the Vashi market. Mill tender rates increased by Rs 10-15 on fresh buying by State-level stockists. At the physical wholesale market in Vashi, prices remained steady on ample supplies. Naka rates jumped by Rs 15-20 a quintal taking cues from the firm trend at producing centres. Arrivals and dispatches were normal. Traders expect higher demand in summer to support the price trend. Mr Harakhchand Vora, Vice-President of Bombay Sugar Merchants Association, said prices at the local level were steady as demand matched supplies. At the producing level, buying by State-level wholesalers and stockists supported prices, he said. . Bombay Sugar Merchants Association’s spot rates: S-grade Rs 2,751-2825 (Rs 2,751-2,825) and M-grade Rs 2,792-2,911 (Rs 2,800-2,901). Naka delivery rates: S-grade Rs 2,730-2,760 (Rs 2,710-2,750) and M-grade Rs 2,770-2,850 (Rs 2,760-2,810).

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