Supported by a pick-up in demand in the spot market for the ongoing festive season, sugar futures recovered by 0.21% to Rs 2,797 per quintal today.
However, ample supply in the market limited the gains.
At the National Commodity and Derivatives Exchange, October sugar rose by Rs 6, or 0.21%, to Rs 2,797 per quintal, with an open interest for 4,590 lots.
September sugar also edged up by Re 1, or 0.04%, to Rs 2,738 per quintal, with an open interest for 32,180 lots.
Analysts said sugar futures prices recovered as speculators enlarged their positions, driven by a pick-up in spot market demand for the ongoing festive season. However, the adequate stocks position in the market restricted the gains, they added.
