Participants enlarged their positions amid upsurge in demand from bulk consumers in the spot market
Officials say no need to scrap the duty for now, even as sugar prices in India soar on the back of drought
Speculators created fresh positions amid pick-up in demand in the spot market
Increasing prices, millers note, enable them to cover more of their production cost nd also clear sugarcane payment dues to farmers
Participants lightened their positions, triggered by adequate stocks at the spot market on higher supplies from mills
Prices move 18% globally on deficit forecast, lags behind in India with a gain of just 4%