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Sugar futures rose 0.16% to Rs 3,067 per quintal today as speculators engaged in enlarging positions amid rising demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in July rose by Rs 5, or 0.16% to Rs 3,067 per quintal with an open interest of 32,450 lots.
Likewise, the sweetener for delivery in June traded up by Rs 4, or 0.13%, to Rs 3,065 per quintal in 18,900 lots.
Analysts attributed the continued rise in sugar futures to increased demand from bulk consumers in the spot market.
