Sugar prices rose by 0.41 per cent to Rs 3,706 per quintal in futures market today as speculators built up fresh positions, driven by pick-up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in October month rose by Rs 15, or 0.41 per cent, to Rs 3,706 per quintal with an open interest of 26,980 lots.
Similarly, the sweetner for delivery in December contracts traded higher by Rs 6, or 0.16 per cent, to Rs 3,730 per quintal in 13,250 lots.
Analysts attributed the rise in sugar futures to fresh positions created by participants following uptick in demand from bulk consumers as well as retailers in the spot market.
