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Liffe white sugar futures closed higher again on fund buying on Monday and risked a correction lower soon, traders said.
Front month August, which expires on Friday, settled at $248.5 a tonne, up $0.5, in volume of 2,691 lots.
October saw much higher volume than August, rising $1.5 or 0.6 percent to $253.0 in heavy turnover of 5,111 lots.
"Funds were buying October massively," one dealer said. "There was some rolling from August to October as well."
Traders said physical market activity was minimal because of the recent surge of futures.
Some traders said London white futures could correct sharply lower in the next few days and lure cash buyers back.

Copyright Reuters, 2004

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