Raw sugar futures ended marginally higher on Thursday as continued fund buying lifted prices further from the one-month highs set in Wednesday's session, brokers said.
"Funds continue to be buyers of this market, with some good producer selling in October and March sugar," said broker one.
October sugar edged 0.03 cent higher to close at 8.20 cents a lb on the New York Board of Trade, after trading in a range of 8.13 cents to 8.25 cents. March finished with a 0.03 cent gain as well, at 8.79 cents, while the rest of the board rose 0.04 cent to 0.06 cent.
Resistance in October sugar was said to be at the contract high of 8.43 cents and then 8.50 cents, while support was placed at 8.08 cents and then at 8 cents.
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