Sugar up 0.5% on pick up in demand hopes
Prices rose as speculators enlarged their positions
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Sugar futures for April traded Rs 16, or 0.54%, higher at Rs 2,963 per quintal in 28,870 lots.
At the National Commodity and Derivatives Exchange (NCDEX), the far-month May contract gained Rs 9, or 0.30%, to Rs 3,003 per quintal in 25,240 lots.
Prices rose as speculators enlarged their positions on hopes that demand may pick up on the back of summer season.
However, ample supplies against subdued spot markets demand limited the upside.
At the National Commodity and Derivatives Exchange (NCDEX), the far-month May contract gained Rs 9, or 0.30%, to Rs 3,003 per quintal in 25,240 lots.
Prices rose as speculators enlarged their positions on hopes that demand may pick up on the back of summer season.
However, ample supplies against subdued spot markets demand limited the upside.
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First Published: Mar 26 2013 | 2:45 PM IST