)
Sugar prices rose by Rs 9 to Rs 2,873 per quintal in futures trade today as speculators enlarged positions on expectations of a rise in demand during the festive season.
At the National Commodity and Derivatives Exchange, sugar for delivery in October rose by Rs 9, or 0.31%, to Rs 2,873 per quintal with an open interest of 5,810 lots.
Similarly, sugar for delivery in November gained Rs 8, or 0.28%, to Rs 2,901 per quintal in 28,110 lots.
Market analysts said fresh positions built up by speculators on expectations that the demand for the sweetner will pick up during the festive season mainly attributed rise in sugar prices at futures trade.
