 "Sugar up 0.3% on spot demand")
Sugar prices rose by Rs 9 to Rs 2,873 per quintal in futures trade today as speculators enlarged positions on expectations of a rise in demand during the festive season.
At the National Commodity and Derivatives Exchange, sugar for delivery in October rose by Rs 9, or 0.31%, to Rs 2,873 per quintal with an open interest of 5,810 lots.
Similarly, sugar for delivery in November gained Rs 8, or 0.28%, to Rs 2,901 per quintal in 28,110 lots.
Market analysts said fresh positions built up by speculators on expectations that the demand for the sweetner will pick up during the festive season mainly attributed rise in sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in October rose by Rs 9, or 0.31%, to Rs 2,873 per quintal with an open interest of 5,810 lots.
Similarly, sugar for delivery in November gained Rs 8, or 0.28%, to Rs 2,901 per quintal in 28,110 lots.
Market analysts said fresh positions built up by speculators on expectations that the demand for the sweetner will pick up during the festive season mainly attributed rise in sugar prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%