Raw sugar futures finished higher Tuesday on fund buying and trade purchases believed linked to talk of further consumer interest in the sweetener, brokers said. The New York Board of Trade's March raw sugar contract rose 0.07 cent to settle at the day's high of 9.10 cents a lb, with the session low at 8.98 cents. May sugar gained the same to 9.46 cents.
Distant months increased 0.03 to 0.05 cent.
Judy Ganes of commodity firm J. Ganes Consulting said continued talk of physical interest in sugar from importers like those in South Asia has kept the market supported.
"The trade bought it early because of the feeling that India and Pakistan may be coming back into the market. The funds then bought it late," a trading house floor dealer said.
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