Login ID:
Password:
Partner Login
Contact Us : 07666977977

NCDEX Sugar Extends Gains

10 Jan 2017 11:08 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
NEW DELHI (Commoditiescontrol) – Sugar futures extended gains at local bourse on Tuesday despite weak cues from international market as spot prices for the sweetener have been higher in the physical market supporting positive sentiment. Spot prices are up as demand has improved, said a market analyst.


By 1054 IST, sugar future contract for delivery in March was a tad up by five rupees to trade at Rs. 3,880/100kg at National Commodity and Derivatives Exchange Ltd (NCDEX).


On Monday, ICE March raw sugar ended down 0.33 cents or 1.59 percent at 20.42 cents per pound while March white sugar closed off $5.20 or 0.96 percent at $538.20 per tonne.



Sugar prices consolidated below last week's sharp rally to a seven-week high as it appears plenty of sugar at terminals in Brazil waiting to be loaded and the shipping lineup has been reduced, according to market analyst.


(By Commoditiescontrol Bureau; +91-22-40015533)

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Gujarat Sugar Mill Prices – Dec 16
Karnataka Sugar Mill Prices – Dec 16
Punjab Sugar Mill Prices – Dec 16
Madhya Pradesh Sugar Mill Prices – Dec 16
Sugar Ex-Mill Rates Remain Down In Uttar Pradesh
more
Top 5 News
DJ Mining World's Ultimate Deal-Maker Struggles in...
India Daily Cotton Arrival Reaches 1.705 Lakh Bales-Dec...
DJ Commodities Corner: Is Bitcoin's Rise the Cause...
Gujarat Sugar Mill Prices – Dec 16
Karnataka Sugar Mill Prices – Dec 16
Top 5 Special Reports
Cotton Weekly: Indian Market Rallies on Good Demand How...
ICE Raw And White Sugar Futures - Weekly
Weekly:Major Spices Trades Firm; Coriander Soften
Weekly: Soy Complex Exhibits Bearish Tone On Subdued Cu...
Weekly: Chana Declines Most In Pulses Complex This Week...
Copyright © CC Commodity Info Services LLP. All rights reserved.