Indian sugar futures rose on Wednesday, bolstered by firm prices in the spot market and expectations for exports. By 3:21 pm (0951 GMT), both the December contract and the January contract on the National Commodity and Derivatives Exchange were up 0.23 percent to 1,314 rupees ($33.4) and 1,312 rupees per 100 kg respectively.
The prices in the physical market in Delhi rose 0.7 percent to 1,510 rupees per 100 kg, traders said. India, which started sugarcane crushing from October, is hoping to export 3.5-4 million tonnes of sugar in 2007/08 up from about 1.6 million tonnes in the previous year.