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Sugar prices rose by 0.18% to Rs 2,821 per quintal in futures market today as speculators enlarged positions due to a rise in demand in the spot market, supported by ongoing marriage season.
At the National Commodity and Derivatives Exchange, sugar for delivery in December rose by Rs 5, or 0.18% to Rs 2,821 per quintal with an open interest of 11160 lots.
Similarly, the sweetener for delivery in January edged up by Rs 4, or 0.14% to Rs 2,826 per quintal in 19,760 lots.
Market analysts said rising demand in the spot markets following ongoing wedding season, led to rise in sugar prices at futures trade.
