Mumbai, Sept. 10:

Sugar prices in the physical market ruled unchanged on routine activities on Tuesday. In the futures market,prices extended their loss in absence of any positive cues. On the spot, M-grade rose by Rs 8 a quintal, while S-grade was unchanged. Naka and mill tender rates were steady.

Sources said that as market was closed for the past two days, demand from stockists continued but sufficient and continuous arrivals from mills kept the price under check. Neighbouring States buying was also absent.

The Vashi wholesale market is carrying ample inventory keeping stockists away from buying. Due to surplus stocks with producers, they continue selling in the local market. The new crushing season will start form next month.

Arrivals in the Vashi market were 63-64 truckloads (of 100 bags each) while local dispatches were 62-63 loads. On Saturday, 12-13 mills offered tenders and sold about 33,000-34,000 bags at Rs 2,880-2,960 (Rs 2,880-2,960) for S-grade and Rs 2,990-3,060 (Rs 2,990- ,060) for M-grade.

Bombay Sugar Merchants Association's spot rates were: S-grade Rs 3,026-3,141 (Rs 3,026-3,142) and M-grade Rs 3,170-3,312 (Rs 3,162-3,312). Naka delivery rates were: S-grade Rs 2,960-3,040 (Rs 2,960-3,040) and M-grade Rs 3,090-3,220 (Rs 3,100-3,220).

Uttar Pradesh rates were: Lakhimpur Rs 3,420 and Muzzafarnagar Rs 3,330.