India Sugar up in most spot markets as demand rises ahead of Diwali.

Prices of sugar rose in most key wholesale markets of the country due to higher demand ahead of the festival of Diwali. Sugar prices rose in Mumbai as well, as transportation charges have increased due to lack of vehicles. Traders are bullish on sugar prices in the near term due to expectations of further rise in demand from bulk buyers such as sweets makers ahead of Diwali, which celebrated on Oct 19 this year.