 "Sugar rises 0.13% as demand picks up")
Sugar prices edged higher by 0.13 per cent to Rs 3,065 per quintal in futures trading today as speculators created fresh positions on rising demand in the spot market.
However, ample supplies from producing regions limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month August rose by Rs 4, or 0.13 per cent, to Rs 3,065 per quintal with an open interest of 20,590 lots.
Analysts attributed the rise in sugar futures to pick-up in demand from bulk consumers in the spot market but ample supplies limited the gains.
However, ample supplies from producing regions limited the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month August rose by Rs 4, or 0.13 per cent, to Rs 3,065 per quintal with an open interest of 20,590 lots.
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The July contract edged up by Rs 2, or 0.07 per cent, to Rs 3,033 per quintal in 33,880 lots.
Analysts attributed the rise in sugar futures to pick-up in demand from bulk consumers in the spot market but ample supplies limited the gains.