A modest increase in sugar prices

In Navi Mumbai wholesale sugar market a modest increase in sugar prices provided the main feature of trading on Thursday. Both grades of sugar improved on good demand amid restricted arrivals from mills. Small grade sugar (S-30) moved up to Rs. 1,480/1,505 a quintal on fresh demand from retailers. Medium grade (M-30) also advanced to Rs. 1,505/1,561 a quintal against overnight level of Rs. 1,500/1,545 on similar factors.

Sugar prices for check-post were quoted higher at Rs.1,460/1,470 a quintal for small qualities and Rs. 1,492/1,510 a quintal for medium qualities. Sugar prices for ex-mail category also firmed up on better demand and were quoted as under: small grade Rs.1,410/1,425 and medium grade Rs. 1,435/1,455 a quintal respectively as reported by market official.


Market Update
(Sugarcane)