 "Sugar up 0.2% on rising spot demand")
Sugar prices rose by another 0.26% to Rs 3,070 per quintal in futures trade today as speculators enlarged positions supported by rising demand in spot market.
However, heavy stock positions following ample supplies from producing regions capped the gain.
At the National Commodity and Derivatives Exchange, sugar for delivery in June added Rs 8, or 0.26% to Rs 3,070 per quintal with an open interest of 15,570 lots.
Analysts attributed persistent rise in sugar futures to higher demand from bulk consumers in the spot market in view of summer season.
However, heavy stock positions following ample supplies from producing regions capped the gain.
At the National Commodity and Derivatives Exchange, sugar for delivery in June added Rs 8, or 0.26% to Rs 3,070 per quintal with an open interest of 15,570 lots.
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In a similar fashion, the sweetener for delivery in July contract gained Rs 4, or 0.13% to Rs 3,056 per quintal in 34,570 lots.
Analysts attributed persistent rise in sugar futures to higher demand from bulk consumers in the spot market in view of summer season.