Sugar remains up on seasonal demand
However, higher supplies in the spot markets, capped the gains
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Sugar futures for May gained Rs 17, or 0.58%, to Rs 2,945 per quintal in 15,710 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract edged up by Rs 5, or 0.17%, to Rs 2,961 per quintal in 38,390 lots.
Prices moved up as speculators engaged in creating positions, supported by rising spot markets demand from bulk consumers for the summer season.
However, higher supplies in the spot markets, capped the gains.
At the National Commodity and Derivatives Exchange (NCDEX), the June contract edged up by Rs 5, or 0.17%, to Rs 2,961 per quintal in 38,390 lots.
Prices moved up as speculators engaged in creating positions, supported by rising spot markets demand from bulk consumers for the summer season.
However, higher supplies in the spot markets, capped the gains.
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First Published: May 08 2013 | 2:20 PM IST