Sugar market ruled steady despite higher volume at upper mill level. Prices were mixed by 5-10 a quintal in line with quality, while naka and mill tender rates remain unchanged. Futures rates on NCDEX were range bound. 

Arrivals and local dispatches were at par on back of routine activities. Retailers stay away from big buys due to continuous rain in city. As new month coming nearer, wholesalers bet for fresh buys. Producers continued selling commodity prevailing rates keeping prices stable said sources.

At Vashi arrivals were about 61-62 truck loads and local dispatches were at 61- 62 truck loads. On Monday evening 15 – 16 mills offered tenders and sold double quantity 55,000 – 60,000 bags at Rs 3450– Rs3520 (Rs3450 – Rs3520) for S-grade and Rs3520 – Rs3620 (Rs3520-Rs3620) for M-grade.

On NCDEX futures prices for July -16 decline to Rs3598 (Rs3601) and Oct-16 contracts was at Rs3765 (Rs3766).

On Bombay Sugar Merchants Association's spot rates were: S-grade Rs 3,572- Rs 3,672 (Rs 3,582 - Rs 3,672) and M-grade was Rs 3,652 – Rs 3,825 (Rs 3,652 – Rs 3,825).