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Spot demand lifts sugar futures by 0.26%

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Press Trust of India New Delhi
Last Updated : Oct 24 2016 | 12:07 PM IST
Sugar prices were up by 0.26 per cent to Rs 3,490 per quintal in futures market today as participants created fresh positions amid uptick in demand in the spot market, driven by festive season.
At the National Commodity and Derivatives Exchange, sugar for delivery in December edged up by Rs 9, or 0.26 per cent, to Rs 3,490 per quintal, with an open interest of 13,670 lots.
Marketmen said building of positions by traders due to pick up in demand from bulk consumers as well as retailers in the spot market in view of festive season, mainly led to rise in sugar prices at futures trade.

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First Published: Oct 24 2016 | 12:07 PM IST

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