Sugar prices rose by 0.43% to Rs 2,790 per quintal in futures trade today buoyed by rising demand from bulk consumers in the spot markets.
At the National Commodity and Derivatives Exchange, sugar for delivery in June traded Rs 12, or 0.43%, higher at Rs 2,790 per quintal, with an open interest of 7,410 lots.
Likewise, sugar futures prices for delivery in May rose by Rs 8, or 0.29%, to Rs 2,721 per quintal, with a business turnover of 23,200 lots.
Analysts said the rise in sugar futures prices was mostly due to the rising demand from bulk consumers at the spot markets, but supply pressure on higher production capped the gains.
