Sugar market trends

In Navi Mumbai wholesale sugar market a firm trend was noticed on Monday. Prices of both qualities of sugar improved marginally on thin supply. The arrivals of sugar from mills got affected due to incessant rains. Small grade sugar (S-30) rose by Rs.5 a quintal to Rs. 1,490/1,510 as against last close of Rs. 1,485/1,510. Medium grade also moved up by similar margin of Rs. 5 to Rs. 1,520/1,560 against previous level of Rs. 1,575/1,560.

Sugar prices for check-post were quoted higher at Rs. 1,475/1,485 a quintal for small qualities and Rs. 1,510/1,520 a quintal for medium qualities. Sugar prices for ex-mill deliveries also ruled firm and were quoted as under: small grade Rs. 1,425/1,435 and medium grade Rs. 1,445/1,460 a quintal respectively.


Market Update
(Sugarcane)