Sugar futures extend gain, up 0.51 pc on rising demand

Image
Press Trust of India New Delhi
Last Updated : Sep 19 2016 | 12:28 PM IST
Sugar prices advanced 0.51 per cent to Rs 3,711 per quintal in futures trade today as speculators engaged in widening of position, tracking a firm trend at spot market on rising demand.
In futures trading at the National Commodity and Derivatives Exchange, sugar for delivery in December advanced by Rs 19, or 0.51 per cent to Rs 3,711 per quintal with an open interest of 14,940 lots.
On similar lines, the sweetener for delivery in October went up by Rs 17, or 0.47 per cent to Rs 3,598 per quintal in 12,410 lots.
Analysts said increasing of positions by traders due to pick-up in demand from bulk consumers as well as retailers in the spot market, mainly kept sugar prices higher at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Sep 19 2016 | 12:28 PM IST

Next Story