Rising demand lifts sugar futures by 0.75%

Sugar prices advanced by 0.75 per cent to Rs 3,748 per quintal in futures trading today as speculators engaged in enlarging their positions, tracking a firm trend at the spot market on strong demand.
At the National Commodity and Derivatives Exchange, sugar for delivery in March 2017 was trading higher by Rs 28, or 0.75 per cent, to Rs 3,748 per quintal, with an open interest of 4,870 lots.
Analysts said widening of positions by participants amid rising demand from bulk consumers at the spot markets mainly kept sugar prices higher at futures trade.