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Sugar rules firm on spot demand

December & Jan contracts gain 0.36% and 0.3% as speculators enlarge positions

Press Trust of India  |  New Delhi 

futures rose by Rs 12 to Rs 3,327 per quintal as speculators enlarged positions largely supported by increased demand in the spot

At the National Commodity and Derivatives Exchange, for December delivery traded Rs 12, or 0.36 per cent, higher at Rs 3,327 per quintal, with an open interest for 28,020 lots.

January traded higher by Rs 10, or 0.30 per cent, at Rs 3,340 per quintal, with open interest of 9,790 lots.

Marketmen attributed the rise in futures to a firming trend at the spot on firm demand amid reports that the government is considering the report on decontrol.

First Published: Thu, November 15 2012. 13:19 IST