 "Sugar edge 0.75% higher on spot demand")
Supported by festive seasonal demand in spot markets, sugar prices were up by 0.75 per cent to Rs 2,682 per quintal in futures trade today as speculators widened positions.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December rose Rs 20, or 0.75 per cent to Rs 2,682 per quintal with an open interest of 48,070 lots.
The October contract edged up by Rs 17, or 0.65 per cent, to Rs 2,619 per quintal in 25,000 lots.
Analysts attributed the rise in sugar futures to uptick in demand in the spot market, triggered by ongoing festive and wedding season.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month December rose Rs 20, or 0.75 per cent to Rs 2,682 per quintal with an open interest of 48,070 lots.
The October contract edged up by Rs 17, or 0.65 per cent, to Rs 2,619 per quintal in 25,000 lots.
Analysts attributed the rise in sugar futures to uptick in demand in the spot market, triggered by ongoing festive and wedding season.