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| Commodity News |
| HeadLine : |
Retail demand buoys sugar |
| Date : |
Aug 3 2015 |
Sugar market witnessed a firm trend on higher volume at upper mill- level and eased reselling pressure which lifted spot rates by 10-15 a quintal and naka rates by 20-30.
Mill tender prices remained steady.Arrivals and dispatches at Vashi market remained normal. Market traders also expect retail demand to pick up with start of new month. Freight rates remained steady.
Arrivals were at 59-60 truck loads and local dispatches were also same level. On Thursday evening, 20-22 mills offered tenders and sold about 75,000-80,000 bags at 1,980-2,120 (1,980-2,120) for S-grade and 2,130-2,220 (2,130-2,220) for M-grade.
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