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Sugar prices rose by 0.60% to Rs 3,025 per quintal in futures trading today as speculators created positions supported by rising demand in the spot market.
However, ample supplies restricted the rise.
At the National Commodity and Derivatives Exchange, sugar for delivery in June rose by Rs 18, or 0.60% to Rs 3,025 per quintal with an open interest of 36,730 lots.
In a similar fashion, the sweetener for delivery in July contract traded higher by Rs 16, or 0.54% to Rs 2987 per quintal in 24,490 lots.
Analysts said the rise in sugar prices at futures was mostly supported by rising demand from bulk consumers but ample supplies from mills restricted the gains.
