Raw sugar futures on ICE Futures US at 1242 GMT. March raw sugar contract up 0.16 cent at 11.32 cents per lb. Trading range 11.18 to 11.60 cents. Volume at 12,076 lots. Sugar surges on investor buying, but momentum faded as market remained jittery about wild swings in world equity markets, said dealers.
Analysts said there may be short-term falls in sugar, but the longer-term picture should see values improve because of tight supplies.