NEW DELHI (Commodities control) – Sugar prices were firm in the spot market of Muzaffarnagar, a key trading centre in Uttar Pradesh on Monday tracking positive cues from future market. However, buyers were reluctant to increase their position at higher rates.
M-grade sugar was priced at Rs.3,860/100kg and S-grade sugar was offered at Rs. 3,840/100kg while mill rates were quoted at Rs. 3,825-3,840/100kg. Arrivals were around 700-800 bags.
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)