 "Sugar up 0.6% on seasonal demand")
Buoyed by summer season demand from bulk consumers and lower output reports, sugar prices rose by 0.67% to Rs 3,151 per quintal in futures trading today as speculators enlarged positions.
At the National Commodity and Derivatives Exchange, sugar for delivery in May added Rs 21, or 0.67% to Rs 3,151 per quintal with an open interest of 41,590 lots.
Also, the sweetener for delivery in April gained Rs 20, or 0.65% to Rs 3,066 per quintal in 33,400 lots.
Analysts attributed the persistent rise in sugar prices at futures trade to increased offtake by bulk consumers, driven by beginning of summer season.
At the National Commodity and Derivatives Exchange, sugar for delivery in May added Rs 21, or 0.67% to Rs 3,151 per quintal with an open interest of 41,590 lots.
Also, the sweetener for delivery in April gained Rs 20, or 0.65% to Rs 3,066 per quintal in 33,400 lots.
Analysts attributed the persistent rise in sugar prices at futures trade to increased offtake by bulk consumers, driven by beginning of summer season.
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