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Sugar prices in spot and futures showed a mixed trend. On the Vashi spot market, prices shot up by ₹30-70 a quintal as producers sold the commodity at higher rates, while on futures prices declined by ₹20-30 on profit booking. Naka and mill tender rates were up ₹30-60 on back of renewed demand from stockists. Freight rates were unchanged.
Arrivals to the Vashi market were at 61-62 truck loads and local dispatches were at 59-60 loads. The Bombay Sugar Merchants Association’s spot rates: S-grade ₹2,732-2,822 (2,662-2,790) and M-grade ₹2,832-2,962 (2,782-2,925). Naka delivery rates: S-grade ₹2,680-2,750 (2,640-2,720) and M-grade ₹2,780-2,880 (2,740-2,820).
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