MUMBAI, AUGUST 31:  

Sugar prices shot up by Rs.60-70 a quintal at Vashi market on back of higher demand amid firm mill tender rates. Stockists continued to give fresh orders to meet the upcoming festival demand. Naka rates were up Rs.40-50 and mill tender prices went up by Rs.30-40.

Arrivals increased to 64-65 truck loads while local dispatches were 62-63 loads. On Friday evening, 14-15 mills offered tenders and sold 48,000-50,000 bags at Rs.2,330-2,410 (2,290-2,390) for S-grade and Rs.2,430-2,530 (2,400-2,490) for M-grade.

The Bombay Sugar Merchants Association’s spot rates: S-grade Rs.2,460-2,601 (2,420-2,520) and M-grade Rs.2,540-2,682 (2,480-2,582). Naka delivery rates: S-grade Rs.2,450-2,530 (2,410-2,480) and M-grade Rs.2,550-2,640 (2,500-2,600).