MUMBAI, FEBRUARY 13:  

Sugar prices ruled flat on routine demand, supply and volumes. On the Vashi wholesale market, prices for M-grade increased by Rs.4 a quintal. Prices for naka delivery and mill tenders remained steady. Sources said supply remained enough as producers continued to sell at prevailing rates and enough inventory kept stockists’ buying limited. Freight rates were steady. The Bombay Sugar Merchants Association’s spot rates:S-grade Rs.3,940-4,002 (3,940-4,002) and M-grade was Rs.4,030-4,281 (4,026-4,281). Naka delivery rates: S-grade Rs.3,900-3,950 (3,900-3,950) and M-grade Rs.3,970-4,050 (3,970-4,050).