Sugar market ruled steady with minor changes on Wednesday on routine volumes. Prices for S-grade were down Rs.24 a quintal, while that of M-grade was up by Rs.10. Naka and mill tender rates were unchanged.

Arrivals and local dispatches remained normal and as producers are continuously selling, stockists stayed away from fresh bulk buys.Arrivals to the Vashi market were at 60-62 truck loads while local dispatches were at 58-60 loads.

The Bombay Sugar Merchants Association’s spot rates: S-grade Rs.3,126-3,231 (3,126-3,255) and M-grade Rs.3,212-3,352 (3,202-3,352). Naka delivery rates: S-grade Rs.3,100-3,120 (3,100-3,120) and M-grade Rs.3,150-3,250 (3,150-3,250).

Source:-Business Line