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Amid rising demand at spot market at prevailing levels, sugar prices were up by 0.36 per cent to Rs 2,206 per quintal in futures trading today as traders built up fresh position.
However, adequate stock position in the market on persistent supplies from millers capped the rise in prices.
At National Commodity and Derivatives Exchange (NCDEX), sugar for delivery in October month edged up by Rs 8, or 0.36 per cent to Rs 2,206 per quintal with an open interest of 39,770 lots.
Similarly, the sweetener for delivery in July contracts traded higher by Rs 7, or 0.33 per cent to Rs 2,145 per quintal in 24,760 lots.
Market analysts attributed the rise in sugar futures to pick up in demand at the spot market but ample stock on persistent supplies from millers capped the gains.
