Sugar futures extended gains today and traded 0.51% higher at Rs 2,770 per quintal today as speculators created fresh positions, triggered by bargain buying at current levels.
At the National Commodity and Derivatives Exchange, sugar for September delivery moved up by Rs 14, or 0.51%, to Rs 2,770 per quintal, with an open interest of 52,170 lots.
Similarly, sugar for August delivery also edged up by Rs 12, or 0.44%, to Rs 2,733 per quintal, with a trade volume of 37,060 lots. It closed 0.60% higher at Rs 2,721 per quintal.
Analysts said the rise in sugar futures prices was mostly attributed to bargain buying at spot markets after recent fall in its prices at spot markets.
