Indian sugar December futures rose on Friday on news of more export orders, which could help ease stockpiles from an expected bumper crop.At 2:55 pm (0925 GMT), the December contract on the National Commodity and Derivatives Exchange was up 0.32 percent at 1,270 rupees ($32.3) per 100 kg.
The November contract, which expires on November 20, was down 0.08 percent at 1,309 rupees. On Thursday, London-based merchant ED&F Man said it had contracted 1-months ago to buy 50,000 tonnes of raw sugar from India's sugar export corporation ISEC.
Dubai Company had last week contracted to buy 500,000 tonnes of Indian raw sugar over the 2007/08-crop year, an official told Reuters on Wednesday. India is pricing out Brazilian sugar in nearby markets because of freight costs, which have been driven higher by China's appetite for commodities to power its rampant growth. India, the world's largest sugar consumer has emerged as a major net sugar exporter in 2007/08.
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