Sugar futures today rose by Rs 10, or 0.29%, to Rs 3,460 per quintal, largely supported by rising demand in the spot markets and concerns over production due to poor rainfall in key growing regions.
At the National Commodity and Derivatives Exchange, the September contract of sugar traded Rs 10, or 0.29%, higher at Rs 3,460 per quintal, with an open interest for 3,770 lots.
The October contract traded higher by Re 1, or 0.03%, at Rs 3,536 per quintal, with an open interest of 42,810 lots.
Marketmen attributed the recovery in sugar futures to fresh positions created by speculators, triggered by a rising demand amid concerns over output.
However, additional supply in spot market restricted gains, they added.