NEW DELHI (Commoditiescontrol) – Sugar prices rebounded in the physical market of Delhi on Monday amid improved demand and firm cues from future market which prompted the sugar millers to raise their price quotes.
Apart from routine demand, festive buying also bolstered sugar prices in the markets of the national capital region, said a local trade source.
Sugar traded in the wholesale market of Delhi nearly Rs. 40 up at Rs. 3,940-4,020/100kg while ex-mill prices of the sweetener were offered at Rs. 3,640-3,720/100kg.
At retail counters, sugar was being sold up to Rs. 44 a kilo.
By 1619 IST, sugar future contract for delivery in March 2017 was Rs. 24 or 0.63 percent up at Rs. 3,847 after touching high of Rs. 3,875, higher by Rs. 52 or 1.36 percent from last closing value at National Commodity and Derivative Exchange (NCDEX).
(By Commoditiescontrol Bureau; +91-22-40015533)