Gur prices moved up by Rs 18 to Rs 970.50 per 40 kg at the futures trade today on the back of a firm spot market sentiment.

Market analysts said paucity of stocks along with fall in manufacturing due to poor availability of sugarcane, as farmers diverted their crops to sugar mills for higher prices, led to the rise in gur prices.

Low level buying by traders was another reason behind the price rise, they added.

At the National Commodity and Derivatives Exchange, gur prices for delivery in November at Muzaffarnagar-Uttar Pradesh climbed up by Rs 18 or 1.89 per cent to Rs 970.50 per 40 kg with an open interest of 630 lots.

Similarly, July contract also surged by Rs 16 or 1.56 per cent to Rs 1,042 per 40 kg with an open interest of 11,250 lots.

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