Sugar futures firm up on seasonal demand
However, adequate supplies from mills in the physical market limited the gains
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Sugar prices moved up marginally by Rs 6, or 0.19%, to Rs 3,098 per quintal in futures trade today driven by firm seasonal demand.
However, adequate supplies from mills in the physical market limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in July month rose by Rs 6, or 0.19%, to Rs 3,098 per quintal, with an open interest of 23,050 lots.
The sweetener for delivery in June contract gained Rs 3, or 0.10%, to Rs 3,058 per quintal in 25,860 lots.
Analysts said speculators created fresh positions on the back of rise in demand from ice-cream and beverage makers due to summer season in spot markets.
However, adequate supplies from mills in the physical market limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in July month rose by Rs 6, or 0.19%, to Rs 3,098 per quintal, with an open interest of 23,050 lots.
The sweetener for delivery in June contract gained Rs 3, or 0.10%, to Rs 3,058 per quintal in 25,860 lots.
Analysts said speculators created fresh positions on the back of rise in demand from ice-cream and beverage makers due to summer season in spot markets.
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First Published: May 20 2013 | 3:28 PM IST