Tuesday, 3 May 2011

0

Sugar price fluctuates

  • Tuesday, 3 May 2011
  • Share
  • On Monday (02 May 2011), the sugar price fluctuated, after selling pressure to meet delivery commitments for May 5 gripped the market. At mills level, the sentiment continued to be firm as some fresh buying inquiry from neighbouring States, along with local demand for the month beginning, increased. Spot sugar prices on the Vashi wholesale market declined by Rs. 4-5 a quintal in line with correction in Naka rates on resale selling pressure.

    According to the Bombay Sugar Merchants Association, the sugar rates were: Spot: S-grade Rs. 2,751-2,800 (Rs 2,756-2,806) and M-grade Rs. 2,801-2,911 (Rs 2,801-2,911). Naka delivery: S-grade Rs. 2,720-2,750 (Rs 2,730-2,760) and M-grade Rs. 2,770-2,860 (Rs 2,775-2,860).

    (Source: http://www.indiainfoline.com/Markets/News/Sugar-price-fluctuates/3679158714)

    0 Responses to “Sugar price fluctuates”

    Post a Comment

    Subscribe


    Enter your email address: