Raw sugar prices banked on late covering by small speculators to end firmer Wednesday in fairly quiet dealings ahead of the Thanksgiving holiday weekend, brokers said.
The raw sugar market will be shut Thursday and Friday for the US Thanksgiving holiday. Trading resumes on Monday.
The New York Board of Trade's benchmark March raw sugar contract added 0.10 cent to end at 12.15 cents a lb, moving from 12.02 to 12.17 cents. May sugar rose 0.07 to 12.02 cents. The rest gained 0.02 to 0.08 cent.
Volume traded before the close of business stood at 15,762 lots, versus the previous tally of 26,823 contracts. Call volume hit 1,851 contracts and puts amounted to 2,211 lots.
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