Extending its yesterday’s gains, sugar futures traded 0.20 per cent higher at Rs 2,956 a quintal on Friday on the National Commodity and Derivatives Exchange (NCDEX), even as it weakened at the spot markets on sluggish demand.
At the NCDEX, sugar for delivery in April rose by Rs 6, or 0.20 per cent, to Rs 2,956 a quintal, clocking a business turnover of 5,640 lots.
Similarly, the delivery for March contract also edged higher by Re 1 or 0.03 per cent to Rs 2,863 a quintal in a turnover of 23,870 lots.
Analysts said bargain buying by speculators at prevailing levels are attractive, influenced sugar prices at the futures trade here but subdued spot demand, limited the gains.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.