Sugar futures rise on rising demand

Image
Press Trust of India New Delhi
Last Updated : Jun 09 2016 | 11:22 AM IST
Sugar prices edged up further by 0.16 per cent to Rs 3,759 per quintal in futures market today as participants engaged in enlarging their positions, tracking a firm trend at spot market on strong demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month October advanced by Rs 6 or 0.16 per cent to Rs 3,759 per quintal with an open interest of 9,090 lots.
Similarly, the sweetener for delivery in July contracts edged up by Rs 2 or 0.05 per cent to Rs 3,663 per quintal in 38,080 lots.
Analysts said increasing of positions by traders amid pick up in demand from bulk consumer in the spot market, 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: Jun 09 2016 | 11:22 AM IST

Next Story