Login ID:
Password:
Partner Login
Contact Us : 07666977977

Spot Sugar Extends Rally In Mumbai; Futures Slip

10 Jan 2017 3:48 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
NEW DELHI (Commoditiescontrol) – Sugar prices extended rally in the spot market of Mumbai on Tuesday while futures slipped at local bourse due to profit booking. Supply increased at higher prices while demand declined. However, buyers from Rajasthan, Gujarat and Madhya Pradesh were active in the markets of Maharashtra, said a trade source.


Arrivals were 32-33 truck loads but local dispatches were around 30-31 truck loads.


Kolhapur ex-mill rates rose sharply by Rs. 30/100kg. S-grade of sugar was quoted at Rs. 3,690-3,780/100kg and M-grade of sugar was offered at Rs. 3,760-3,870/100kg.


Accordingly, spot prices at Vashi market for S-grade sugar were quoted at Rs. 3,810-3,900/100kg while M-grade sugar traded at Rs. 3,880-3,990/100kg.


Bombay Sugar Merchant Association’s spot rates also increased. S-grade of sugar was quoted at Rs. 3,770-3,862/100kg and M-grade of sugar at Rs. 3,820-3,950/100kg.


Naka delivery rates were also quoted higher. S-grade sugar was offered at Rs. 3,790-3,750 and M-grade was quoted at Rs. 3,850-3,940/100kg.


By 1539 IST, sugar future contract for delivery in March was Rs. 10 or o.26 percent down at Rs. 3,865 due to profit booking as it opened firm at Rs. 3,880/100kg.

(By Commoditiescontrol Bureau; +91-22-40015533)

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
DJ Sugar Calendar - 2017 Futures, Options Dates - Feb 2...
Sugar Rules Steady In Mumbai On Limited Demand
Sugar Trades Steady In Delhi On Sluggish Demand
Maharashtra Sugar Mill Prices Feb 28
Sugar Production Falls Over 40 Percent In Maharashtra T...
more
Top 5 News
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Conroy Gold 1H Pretax Loss Widens
DJ CBOT Grain Warehouse Receipt/Certificates - Feb 28
DJ CBOT Grain Warehouse Receipt/Certificates - Feb 28 -...
DJ ICE Agricultural Final Open Interest - Feb 28
Top 5 Special Reports
Economic Growth Appear Overstated in Q3, 2016-17 to Gro...
Technical: Soy Meal Indore - Support On Channel Line Po...
Technical: Mustard Seed Jaipur- Breakdown witnessed
Synthetic Spun Yarn Shipment Up 11% in January Led By P...
Cotton Yarn Export Jumps In January With China As Large...
Copyright © CC Commodity Info Services LLP. All rights reserved.