Mumbai, June 11: Sugar prices remained in a rangebound volatility on Tuesday.

Routine demand and ample supply from mills kept overall activities limited but volume continues to be higher due to improved buying interest of stockists ahead of festivals starting from next month.

Spot prices gained by Rs 20 for S-grade upper –lower side while M-grade was up by Rs 5. Naka and mill tender rates were unchanged.

Domestic futures prices were firm. Sentiment was steady, said sources.

In the Vashi wholesale sugar market, arrivals were about 65-66 truck loads (each of 100 bags) but local dispatches were restricted to about 62-63 truck loads.

Vashi market currently carries an inventory of about 120-125 truck loads.

On Monday, about 18-20 mills sold 75,000-78,000 bags to local traders at Rs 2,940-3,000 (Rs 2,940-Rs 3,000) for S-grade and Rs 3,000-3,100 (Rs 3,000- 3,100) for M-grade.

On the National Commodities and Derivatives Exchange, sugar July futures were up by Rs 21 to Rs 3,127 (Rs 3,106); August was higher by Rs 16 to Rs 3,176 (Rs 3,160) and September was at Rs 3,214 (Rs 3,203).

The Bombay Sugar Merchants Association's spot rates were: S-grade Rs 3,052-3,140 (Rs 3,076-3,121) and M-grade Rs 3,194-3,331 (Rs 3,192-3,331).

Naka delivery rates were: S-grade Rs 3,020-3,080 (Rs 3,020-3,080) and M-grade Rs 3,130-3,200 (Rs 3,130-3,200).