Sugar market continued its bearish trend as producers sold the commodity at 10-20 a quintal lower than previous day to ease stocks. Weak mill tender rates kept spot and naka rates also under pressure.

Arrivals to the Vashi spot market were limited. There were no local dispatches today. Freight rates were unchanged.

Nominal spot rates:S-grade 3,650-3,750 and M-grade 3,710-3,860. Naka delivery rates: S-grade 3,610-3,680 and M-grade 3,700-3,790.

Source: Businessline.com