 "Sugar up 0.1% on spot demand")
Sugar prices rose by 0.18% to Rs 2,821 per quintal in futures market today as speculators enlarged positions due to a rise in demand in the spot market, supported by ongoing marriage season.
At the National Commodity and Derivatives Exchange, sugar for delivery in December rose by Rs 5, or 0.18% to Rs 2,821 per quintal with an open interest of 11160 lots.
Similarly, the sweetener for delivery in January edged up by Rs 4, or 0.14% to Rs 2,826 per quintal in 19,760 lots.
Market analysts said rising demand in the spot markets following ongoing wedding season, led to rise in sugar prices at futures trade.
At the National Commodity and Derivatives Exchange, sugar for delivery in December rose by Rs 5, or 0.18% to Rs 2,821 per quintal with an open interest of 11160 lots.
Similarly, the sweetener for delivery in January edged up by Rs 4, or 0.14% to Rs 2,826 per quintal in 19,760 lots.
Market analysts said rising demand in the spot markets following ongoing wedding season, led to rise in sugar prices at futures trade.