Sugar traded 0.76 per cent higher in futures trade today on speculative activity triggered by lower supplies by the millers in anticipations of better prices.
At the National Commodity and Derivatives Exchange, the sugar for delivery in April traded Rs 21, or 0.76%, higher at Rs 2,783 per quintal, with an open interest of 33,660 lots.
It had ended 0.50% lower at Rs 2,762 per quintal, in yesterday's trade.
The sugar for delivery in May also gained Rs 18, or 0.64%, to Rs 2,848 per quintal, with a business turnover of 9,020 lots.
Analysts attributed the recovery in the sugar prices to restricted supplies by the millers, who held stocks in anticipations of better prices in coming days as demand from bulk consumers such as ice-cream makers and confections is likely to pick-up.
Besides, hopes that the government may allow export of sugar also helped the uptrend in the sugar futures prices, they added.