On Friday (29 April 2011), the sugar market appears to be in the grip of a bull run with spot sugar prices on the Vashi wholesale market shooting up Rs. 25-30 per quintal. Naka and Mill tender rates increased by Rs. 30-35 per quintal.
The sugar rates were: Spot: S-grade Rs. 2,752 -2,800 (Rs 2,741-2,771) and M-grade Rs.2,801-2,896 (Rs 2,741-2,891). Naka delivery rates: S-grade Rs. 2,730-2,770 (Rs 2,710-2,735) and M-grade Rs. 2,780-2,830 (Rs 2,735-2,795).
(Source: http://www.indiainfoline.com/Markets/News/Sugar-surges-on-lower-free-sale-quota-for-May/3674173657)
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