Mumbai, Aug 21:

Sugar prices on the Vashi wholesale market were mixed on Wednesday despite higher retail offtkae.

Loading and unloading were at a par on higher retail offtake. A Vashi-based wholesaler said that as market was closed the previous day, arrivals and local dispatches remained higher. Steady prices kept volume routine.

About 64-65 truckloads (each of 100 bags) of commodity changed hand on Wednesday. Naka and mill tender rates ruled unchanged as millers are selling to ease inventory surplus burden. Mill tender rates are ruling steady since last two weeks.

Arrivals in the Vashi market were 64-65 truck loads while local dispatches were also 64-65 trucks.

On Tuesday evening, due to Raksha Bandhan festival, only 98-100 mills were able to sell about 8,000-10,000 bags at Rs 2,910-3,000 (Rs 2,910-3,000) for S-grade and Rs 3,010-3,110 (Rs 3,010-3,110) for M-grade.

Vashi market currently carries about 115-120 truckloads of stocks, sources said.

On National Commodities and Derivatives Exchange, sugar September futures were steady at Rs 3,021 (Rs 3,021), October was up by Rs 7 to Rs 3,037 (Rs 3,030) and November was higher by Rs 4 to Rs 3,045 (Rs 3,041).

The Bombay Sugar Merchants Association;s spot rates were: S-grade Rs 3,042-3,136 (Rs 3,044-3,146) and M-grade Rs 3,162-3,372 (Rs 3,180-3,352).

Naka delivery rates were: S-grade Rs 3,005-3,060 (Rs 3,005-3,060) and M-grade Rs 3,120-3,210 (Rs 3,120-3,210).