Sugar futures remain up on spot demand

Image
Press Trust of India New Delhi
Last Updated : Sep 01 2015 | 7:22 PM IST
Sugar remained firm and prices advanced by 1.44 per cent to Rs 2,461 per quintal in futures trading today as speculators widened positions on the back of strong demand from retailers and bulk consumers, driven by festive season.
However, adequate stocks positions on higher supplies from millers, capped the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December rose Rs 35, or 1.44 per cent to Rs 2,461 per quintal with an open interest of 43,700 lots.
On a similar lines, the sweetener for delivery in October contracts moved up by Rs 15, or 0.62 per cent to Rs 2,436 per quintal in 47,010 lots.
Analysts said strong demand from retailers and bulk consumers in the spot market for the festive season mainly kept sugar prices higher at futures trade.
*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 01 2015 | 7:22 PM IST

Next Story