 "Sugar up 0.2% on rising demand")
Sugar prices moved up by 0.25% to Rs 3,245 per quintal in futures trade today as speculators enlarged positions, supported by rising summer season demand.
Lower output estimates further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, sugar for delivery in May gained Rs 8, or 0.25%, to Rs 3,245 per quintal with an open interest of 47,150 lots.
Likewise, the sweetener for delivery in April traded higher by Rs 5, or 0.16%, to Rs 3,223 per quintal in 29,780 lots.
Lower output estimates further fuelled the uptrend.
At the National Commodity and Derivatives Exchange, sugar for delivery in May gained Rs 8, or 0.25%, to Rs 3,245 per quintal with an open interest of 47,150 lots.
Likewise, the sweetener for delivery in April traded higher by Rs 5, or 0.16%, to Rs 3,223 per quintal in 29,780 lots.