Sugar market : under pressure

On the Navi Mumbai wholesale sugar market, a steady to subdued trend was noticed on Monday.

Small grade sugar (-30) held unchanged at its earlier level of Rs.1, 518/1,545 a quintal. Medium grade (M-30) dropped by Rs.5 to Rs. 1,545/1,570 against its last close of Rs.1,545/1,570 on increased offerings from stockists.

Sugar prices for check-post were quoted lower at Rs.1,495/1,520 a quintal for the S-30 grade and Rs.1,520/1,540 a quintal for the M-30 grade, as reported by market sources.


Market Update (Sugarcane)