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Sugar drops on slack demand

Capital Market/ 09:46 , Feb 26, 2013

On Monday (25 February 2013), the sugar prices on the Vashi wholesale market dropped by Rs 10-20 per quintal on slack month-end demand. Naka prices for S-grade declined by Rs 10-20, while M-grade ruled mixed according to quality.

According to the Bombay Sugar Merchants Association, the spot rates were: S-grade Rs 3,216-3,282 (Rs 3,216-3,300) and M-grade Rs 3,272-3,431 (Rs 3,272-3,442). Naka delivery rates were: S-grade Rs 3,150-3,190 (Rs 3,180-3,200) and M-grade Rs 3,240-3,350 (Rs 3,230-3,360).

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