 "Sugar up 0.7% on festive season demand")
Sugar prices edged higher by 0.68% to Rs 2,831 per quintal in futures trade today as speculators created fresh positions, driven by rising demand at the spot market supported by festive season.
However, adequate stocks positions in the physical market, restricted the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December traded higher by Rs 19, or 0.68% to Rs 2,831 per quintal with an open interest of 10,700 lots.
Analysts attributed the rise in sugar prices to fresh positions built-up by speculators mostly supported by rising demand from bulk consumers in the spot market, triggered by ongoing festive season.
However, adequate stocks positions in the physical market, restricted the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December traded higher by Rs 19, or 0.68% to Rs 2,831 per quintal with an open interest of 10,700 lots.
Also Read
In a similar fashion, the sweetener for delivery in October moved up by Rs 18, or 0.62% to Rs 2,909 per quintal in 4140 lots.
Analysts attributed the rise in sugar prices to fresh positions built-up by speculators mostly supported by rising demand from bulk consumers in the spot market, triggered by ongoing festive season.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*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
SAVE 25%