 "Sugar up by 0.4% on spot demand")
Sugar prices edged up by 0.38% to Rs 2,369 per quintal in futures trade today as speculators created fresh positions supported by improved demand in the spot market.
However, adequate stocks position in the physical market on higher supplies from mills limited the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month May month was up by Rs 9, or 0.38% to Rs 2,369 per quintal with an open interest of 40,330 lots.
Market analysts said fresh positions built up by speculators due to improved demand in the spot market mainly led to the rise in sugar prices at futures trade.
However, adequate stocks position in the physical market on higher supplies from mills limited the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in far-month May month was up by Rs 9, or 0.38% to Rs 2,369 per quintal with an open interest of 40,330 lots.
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Similarly, the sweetner for delivery in March contracts traded higher by Rs 8, or 0.33% to Rs 2,421 per quintal in 9,440 lots.
Market analysts said fresh positions built up by speculators due to improved demand in the spot market mainly led to the rise in sugar prices at futures trade.