top commodities Indian Sugar Futures Prices november 4 2015 - Sugar prices rose further by 0.29 per cent to Rs 2,757 per quintal in futures trade today as speculators enlarged positions, driven by pick up in demand in the spot market supported by festive and wedding season.
At the National Commodity and Derivatives Exchange, sugar for delivery in December gained Rs 8, or 0.29 per cent, to Rs 2,757 per quintal with an open interest of 56,510 lots.
In a similar fashion, the sweetener for delivery in far-month March next year traded higher by Rs 6, or 0.21 per cent to Rs 2,888 per quintal in 39,760 lots.
Analysts said pick up in demand from retailers as well as bulk consumers in view of ongoing festive and wedding season, mainly kept sugar prices higher at futures trade.
They said, however, adequate stocks on account of higher supplies from mills restricted the gain.
At the National Commodity and Derivatives Exchange, sugar for delivery in December gained Rs 8, or 0.29 per cent, to Rs 2,757 per quintal with an open interest of 56,510 lots.
In a similar fashion, the sweetener for delivery in far-month March next year traded higher by Rs 6, or 0.21 per cent to Rs 2,888 per quintal in 39,760 lots.
Analysts said pick up in demand from retailers as well as bulk consumers in view of ongoing festive and wedding season, mainly kept sugar prices higher at futures trade.
They said, however, adequate stocks on account of higher supplies from mills restricted the gain.
0 Response to "Indian Sugar Futures Prices nov 4 2015"
Post a Comment