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Sugar futures today traded 0.81% higher at Rs 3,128 per quintal as speculators created fresh positions driven by improvement in summer season demand from bulk consumers in spot market and drop in cane acreage.
At the National Commodity and Derivatives Exchange (NCDEX), the July contract gained Rs 25, or 0.81%, to Rs 3,128 per quintal in 19,190 lots.
The June contract edged up by Rs 21, or 0.69%, to Rs 3,088 per quintal in 24,940 lots.
Marketmen attributed rise in sugar prices to pick up in demand from bulk consumers which typically rises during the summer and lower cane plantation by farmers.
