Sugar up 0.8% on pick-up in spot demand

Prices rose as speculators coverd short positions

Press Trust of India New Delhi
Last Updated : Feb 11 2013 | 2:20 PM IST
Sugar futures for March traded Rs 24, or 0.79% higher, at Rs 3,072 per quintal in 28,140 lots.

At the National Commodity and Derivatives Exchange (NCDEX), the February contract edged up by Rs 4, or 0.13%, to Rs 3,025 per quintal in 16,500 lots.

Prices rose as speculators covered-up short positions amid pick-up in spot demand.

Ample stocks following higher supplies in the physical market restricted the rise.
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First Published: Feb 11 2013 | 2:19 PM IST

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