Sugar futures end higher on rising spot demand
05/05/2015 09:41
Sugar prices closed higher by 0.12 per cent to Rs 2,424 per quintal in evening session in futures trade on Monday as participants enlarged positions, taking positive cues from spot market on rising demand in view of summer season.
However, adequate stocks position in the physical market on higher supplies from mills and reports of higher output, restricted the rise.
The exchange opened for the evening session as it remained closed in the morning for "Budha Purnima".
At the NCDEX, sugar futures for May 2015 contract closed at Rs. 2,424 per quintal, up by 0.12 per cent, after opening at Rs. 2,427 against the previous closing price of Rs. 2,421. It touched the intra-day high of Rs. 2,436.
05/05/2015 09:41
Sugar prices closed higher by 0.12 per cent to Rs 2,424 per quintal in evening session in futures trade on Monday as participants enlarged positions, taking positive cues from spot market on rising demand in view of summer season.
However, adequate stocks position in the physical market on higher supplies from mills and reports of higher output, restricted the rise.
The exchange opened for the evening session as it remained closed in the morning for "Budha Purnima".
At the NCDEX, sugar futures for May 2015 contract closed at Rs. 2,424 per quintal, up by 0.12 per cent, after opening at Rs. 2,427 against the previous closing price of Rs. 2,421. It touched the intra-day high of Rs. 2,436.
