Sugar prices were up by 0.60 per cent to Rs 3,856 per quintal in futures trading 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 December month rose by Rs 23, or 0.60 per cent to Rs 3,856 per quintal with an open interest of 12,070 lots.
Likewise, the sweetener for delivery in October contracts traded higher by Rs 18, or 0.47 per cent to Rs 3,845 per quintal in 37,520 lots.
Analysts attributed the rise in sugar futures to fresh positions created by traders due to upsurge in demand from bulk consumers as well as retailers in the spot market.
