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Sugar prices rose by 0.23% to Rs 3,028 per quintal in futures trade today as speculators created fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in July rose by Rs 7, or 0.23%, to Rs 3,028 per quintal with an open interest of 36,690 lots.
The sweetener for delivery in June contract also traded marginally up by Rs 2, or 0.07%, to Rs 3,061 per quintal in 8,990 lots.
Analysts said fresh positions created by speculators after demand from bulk consumers picked up in the spot market, mainly helped sugar prices to trade higher in futures trade.
