NCDEX sees higher participation in sugar contracts

Leading agri-commodity bourse NCDEX is seeing higher participation in sugar contracts with average daily trading volume increasing sharply in the last fortnight.

"The exchange recorded an average daily trade volume (ADTV) of Rs 112.67 crore till March 13, 2014, compared to ADTV of Rs 46.31 crore in February, 2014," the commodity bourse said in a statement on Friday.

In terms of volumes, the bourse recorded 4,14,850 tonnes of traded volume in sugar contracts till March 13, 2014 compared to 3,80,230 tonnes in February, 2014, it added.

NCDEX said higher participation in sugar futures contracts was due to market expectations relating to demand-supply dynamics.

Sugar is one of the active contracts on the exchange platform, it added.