Sugar futures up 0.43% on pick up in demand

Sugar prices advanced by 0.43 per cent to Rs 3,740 per quintal in futures trade today as speculators engaged in enlarging their positions amid rising demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in March 2017 contract was trading higher by Rs 16, or 0.43 per cent, to Rs 3,740 per quintal with an open interest of 4,960 lots.
Analysts said, expanding of positions by participants following surging demand from bulk consumers at the spot markets mainly kept sugar prices higher at futures trade.