India Sugar Up in Muzaffarnagar, Delhi on Stuckists demand.

Demand from Stuckists pushed sugar prices up in the wholesale market of Muzaffarnagar and Delhi. Medium-grade sugar was sold up 10-20 rupees in Muzaffarnagar and in Mumbai. Demand of the sugar from other states such as Rajasthan and Gujarat was offset by forecast of normal monsoon in 2017. On the National Commodity and Derivatives Exchange, the May sugar futures were down as investors liquidated their positions ahead of staggered delivery from previous close. May sugar contract was down 0.4% and the July futures were up 0.1%.