Sugar prices on the Vashi market ruled almost steady on routine trade activities on Tuesday.

Only some quality sugar sold Rs 10 higher while normal quality was under pressure of higher selling.

Naka rates dropped by Rs 10-30 a quintal tracking extended bearish trend at upper mill level.

Mills sold sugar at Rs 20-30 lower than previous day due to lack of fresh retail and stockists’ demand.

Morale was steady in physical market as futures prices showed small recovery, said traders.

In the absence of neighbouring States buying in Maharashtra, producers are forced to offload their stocks in local markets. The market carries about 110- 120 truckloads of stocks currently.

In the Vashi market, arrivals were 62-63 truck loads (each of 100 bags) and local dispatches were also same at about 61-62 truck loads.

On Monday evening, most mills kept away from offering fine variety expecting higher price.

About 17-18 mills sold 48,000-50,000 bags of regular quality at lower price Rs 3,050-3,100 (Rs 3,060-3,120) for S-grade and Rs 3,130-3,230 (Rs 3,160-3,250) for M-grade.

Bombay Sugar Merchants Association's spot rates: S-grade Rs 3,210-3,262 (Rs 3,196-3,262) and M-grade Rs 3,242-3,441 (Rs 3,242- 3,431).

Naka delivery rates: S-grade Rs 3,140-3,160 (Rs 3,150-3,190) and M-grade Rs 3,200-3,340 (Rs 3,230-3,350).